Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have been consistently bearish on banks for weeks now. I will leave banks. They are short sell. But a lot of midcap stocks are cracking today. One of them is India Cements. It was already weak. A small consolidation has broken on the downside decisively giving us the promise of much lower levels. Today it seems this downside momentum should continue, so go short in India Cement.."
He further added, "Another one of the weak stocks where shorting is possible is Raymond. Go short in Raymond, same pattern. The stock was weak, had a narrow consolidation and that consolidation has broken on the downside again. Rather predicatively suggesting further downside momentum is imminent."
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