Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Among the fast moving consumer goods (FMCG) stocks Godrej Industries had rallied to Rs 330-340 and then it fell. Next rally made lower highs. This market is not making lower highs, it is making higher highs but Godrej Industries didn't do that. It fell far short of the earlier highs and now it is going down. On Friday, on days when the market goes up Godrej either stalls or goes down."
"It is very bearish, I would be a short seller here. Day traders should time their entry if they see a slightest sign of weakness. Position traders may just sell the stock," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
