Sell Titan; buy Wockhardt on correction: Sukhani

Sudarshan Sukhani, s2analytics.com view is of the view that Titan Industries is a sell while he also added it is not an easy to buy Wockhardt at current level one has to be patient and take some time off while it consolidates, it corrects upbeat.

Sukhani told CNBC-TV18, “Titan Industries is a sell. It has been distributing for over three months now and it refuses to go up every time it comes and hits a support level, and now it’s on the verge of breaking down. That is a major distribution for Titan, so the trend here would be down for quite some weeks. So I would be a short seller here. He further added, “Anything that moves 20% and makes new highs has to be bought into. It is not easy to buy Wockhardt at this time, one has to be patient and take some time off while it consolidates, it corrects upbeat. But we cannot make a call on the top; the trade is to go long when it goes through a consolidation.”