Avoid IRB Infrastructure, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IRB Infrastructure Developers is one of the relatively better charts. It is at Rs 106-107, but that is a very strong support. It had fallen to the same level earlier. It is standing at a support."

"So given the broad environment it is an avoid. If Rs 104-105 breaks then it is a short again," Sukhani said.
IRB Infrastructure Developers closed at Rs 104.90, down Rs 5.00, or 4.55 percent.It has touched a 52-week low of Rs 103.00.