Sell Arvind, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Arvind has a disappointing chart. It was in a trading range. However, when the Nifty was going up, the stock was not doing anything spectacular. It was just going up for few days and coming down."

He further added, "Now at Rs 77-76, it is on the verge of breaking down. So, last two months’ trading range is likely to get resolved on the downside and that is worrying and that gives much lower intermediate term targets. However, for short-term trader today is a time when the market could be choppy and a range breakdown could be expected. So, sell it."