See lower levels in India Cements, says Sukhani

See lower levels in India Cements, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "India Cement has made a distribution and broken down from that, so it is doing the exact opposite of its sector peers and that is worrying because it is underperforming a sector that is doing very well. There is a head and shoulder pattern, which is suggesting a top is in place, lower levels are coming. It is not only an intraday trade. I think it should work today. It is also something that a trader could take positions in."
He further added, "I now have positions in Dish TV again. Today is not a good day to trade anything. The markets are going to be volatile and we do not even know the direction of volatility. It could be both ways and chop the trader. But for somebody who is willing to carry positions Dish TV is a very nice idea." Disclosure: I have personal holding in Dish TV.