Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Non-banking financial companies (NBFCs) are not giving the same message. There are very few sectors specific trades but Shriram Transport Finance Corporation is independently telling us that after a big rally there was a four week consolidation and it could be breaking out. We have to take it easy when the Nifty goes into a trading range. Many trades which look good on the charts eventually do not work out. I hope this one does.""The fact that I have three sells and three buys also tells that I am fairly confused on market direction that is what happens then. All the pharma companies are correcting, some are doing it now; some have already started. Glenmark Pharma is now just breaking a support level. Yesterday, it had a very bad day and that tells us its correction is starting. Also some kind of double top is getting confirmed which is very bearish but it is a sell," he said.
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