HDFC may see further downside: Sukhani

HDFC may see further downside from current levels, Sudarshan Sukhani of s2analytics.com.
 
Sukhani told CNBC-TV18, “The segment that is going to go down the most is the one that should have gone up the most and that is the banks. In this downtrend, the banks will be leading performers on the downside as they should been in this rally on the upside, but that hasn’t worked out atleast today.”
 
He further added, “These banks would include the large private sector banks, the big public sector undertakings (PSUs) then the housing finance companies’, and HDFC. These are the ones that will perform poorly on the downside too.”