Sell Bata India, Voltas: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bata India is now breaking down and is giving us clear signs that a much lower level is coming. It is a swing trade and a positional trade, it is also probably a day trade. So, you could take a view and then go short in it.""Voltas fell, consolidated and we thought may be this consolidation is working, on the upside it also broke out. But that is not working out. That apparently was a relief rally, a bear market rally. It has made a small bearish flag, breaking down from that which is not good news. Voltas is also looking at lower levels," he said."All sorts of charts are making bullish patterns and then we are very upbeat. Now, as time goes by, those patterns are not completing their targets and stocks are going into a consolidation. That is how the markets behave. We think something is happening and then the markets do something else."