Short Financial Technologies: Sudarshan Sukhani

Short Financial Technologies, says Sudarshan Sukhani, Technical Trends.

Sukhani told CNBC-TV18, "Financial Technologies has been in a bear market for long. It is actually falling everyday. For the last three days it is in a trading range. When a market has a clearly defined trend, the trading range usually gets resolved on that side, on the side of the trend. The trend here is down, the trading range should get resolved and broken on the downside. Patterns are pretty weak."
He further added, "I think we are going to see new lows here. At Rs 600 you really go and short sell. Your risk is very small, whatever stop loss you put or whatever I have suggested and then you look for significantly lower levels at the breach of Rs 600. So it