TCS may slip below Rs 1100: Sukhani

TCS may slip below Rs 1100, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "TCS has a very dismal chart at Rs 1200, which was the support, it was holding for many months around 8-10 months. Two days ago it cracked that level and that is very disappointing. It is now suggesting that immediate target for it is Rs 1130 and probably going to go below Rs 1100."
He further added, "In base building process there will be rallies, there will be some dips but broadly the higher highs, higher lows pattern is intact. So Crompton Greaves is one of the few stocks I would look to buy. Most others are short selling ideas."
"Arvind has broken support levels just as Bajaj Auto did or TCS did in a different form. Yesterday it fell a lot and there was intraday rally which fizzled out and then the exact reverse happened. So, Arvind is again a short selling idea."