Short Max India, says Sudarshan Sukhani

Short Max India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Max India rallied on the back of some news and since then it has been consolidating, it’s not moved up. So to that extent it has been underperforming. I assume that after a correction it will renew its rally. It has not done that. It’s actually broken down from a trading range.”
He further added, “Now that’s not good news considering a market where everything is going up. So Max India becomes a short sell and the chances are that at worst it will do nothing but probably it will continue sliding down even in an up trending market."