Sukhani's view on Marico

Sudarshan Sukhani of s2analytics.com shares his view on Marico.

Sukhani told CNBC-TV18, "Marico has seen a very decent rally. At some point, not 3%, at some point Marico becomes a buying opportunity. Fortunately we can't short sell it. I say fortunately because that would be an unwise act but we wait patiently. Marico for somebody who is a short-term trader, it is a sell. It should slide further till it finds support somewhere around Rs 180 or so."
He further added, "Mahindra Satyam charts are saying it is going up. So that’s fine but I wouldn’t trade in it. There are so many other midcaps available which are more attractive in the IT sector."