Arvind may slip to Rs 67: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Arvind is a very choppy chart. There were some news driven rallies but they all fizzled out. At this point we are looking at Rs 67 for a day trader or for a couple of days of trading on the downside. I am assuming this is going to crack and go lower."

"However, Arvind is not in a bear market. It is a very deep correction. Some stocks are not in a bear market and this is one of them. It is tradable on the downside," he said. The share touched its 52-week high Rs 107.50 and 52-week low Rs 59.05 on 16 January, 2013 and 30 August, 2012, respectively. Currently, it is trading 35.4 percent below its 52-week high and 17.61 percent above its 52-week low. Market capitalisation stands at Rs 1,792.11 crore.