Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Global Beverage had a sharp decline, a rally which was a bearish flag, it flopped, the resistance support levels had been broken and for some strange reasons Tata Global is coming down."
"Tata Global is a short sell and so is the UltraTech Cement and that applies to all cement companies. The cement companies are going towards new lows," he added.
Disclosure: He doesn't have positions in the above stocks.
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