Orchid Chemicals may slip another 10%: Sukhani

Sudarshan Sukhani of s2analytics.com feels that another 10% downside likely in Orchid Chemicals.

Sukhani told CNBC-TV18, "Orchid Chemicals and Pharmaceuticals was a short sell recommended in the morning that seems to be working well. I also think that Idea is breaking down so the chances are that another 10% from here is very likely on the downside. I don’t have a view on Jain Irrigation mainly because it has fallen so much, it is not a practical idea to short sell it, doesn’t mean it can't go further down but as a matter of tactics it is not a good short sell."