India Cement may see more downside, says Sukhani

India Cement may see more downside from current levels, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "India Cement, which was a short sell continues to remain. There is no need to take profits. I think there is more downside here."
He further added, "Sterlite Industries, which has been suggested as a short sell for some time now there a position continues on the short side and again I don't see that working out, being exited in a hurry. The other company which I think should benefit if this news has an effect is crude. Cairn may be an indirect beneficiary if Indonesia has an effect and it starts coming to crude prices. So may be tomorrow we will be looking at Cairn."
"Reliance Capital is a volatile stock, it's also in a bear market so it's not surprising but I am very surprised about Century Textile, it's been a favorite and done the right things. So I can't say anything except that may be it was just some news that triggered this decline and that news effect will dissipate in one or two days because the charts don't change in one day, it's a big surprise."