Expect lower levels in Tata Power: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "In Tata Power Company, there is potential for downside, so at least for a short term trader, it is a very nice pattern. Tata Power had a nice smart rally and that rally fizzled out. These rallies are now short selling rallies, essentially you sell into the rally and probably lower levels are coming."

At 10:30 hrs Tata Power Company was quoting at Rs 77.30, down Re 0.20, or 0.26 percent. It has touched an intraday high of Rs 77.70 and an intraday low of Rs 76.70.