Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am cautious on all FMCG names. I cannot sell them because it would be silly to sell ITC or Hindustan Unilever (HUL) today. However, Godrej Industries has given a very poor chart pattern. It was in a trading range and is on the verge of breaking Rs 285."
"Godrej Industries maybe one of the first FMCG stocks to start cracking. It is quite likely. Therefore, we want to be short in the sector and this is a golden opportunity to be short on an individual stock that is becoming weak," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
