Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have chosen Arvind because it has been a consistent underperformer. After that immense bull market the stock distributed. It has been coming in our short selling list, the stock is heading for a major bear phase."
"CESC has already fallen 40-45 percent from its lofty highs and it is now breaking a large support zone. So, the sense is that much lower levels are coming here," he said.
"Grasim Industries has been falling consistently, it is doing something very different from the other Aditya Birla companies. It is a short sell, it is a positional short," he added.
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