Short NCC, says Sudarshan Sukhani

Short NCC, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "NCC is a short sell. It has given up all its gains, that is not a good news. It built a base, rally and then gave up everything and come back tells us at best it has come inside its base, at worst it may be breaking down. In either case it is a short selling idea."
At 10:45 hrs NCC was quoting at Rs 47.35, down Rs 0.20, or 0.42%. It has touched an intraday high of Rs 48.05 and an intraday low of Rs 46.65.
The share touched its 52-week high Rs 66.70 and 52-week low Rs 28.20 on 17 February, 2012 and 04 June, 2012, respectively. Currently, it is trading 29.01% below its 52-week high and 67.91% above its 52-week low. Market capitalisation stands at Rs 1,214.92 crore. Disclosure: I have no holdings or interest in the above stock.