Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Titan Company has rallied a lot. It has now given up some of its gains but much more important, it is making a large distribution pattern and on the verge of breaking down from it. That is not good news. So, it is not just a day trade or an overnight trade, you really want to carry these positions because then you overcome the choppiness."
"SAIL has done nothing, it didn't even go through a rally. It just keeps on making lower highs and lower lows and that is very worrisome for a bluechip like SAIL. So, it is again ready to make new lows. So, short it," he said.
"Wockhardt has been a favourite for some time. The gains that we are seeing today are probably not the end of this rally. So, buy Wockhardt in spite of today's gains."
Disclosure: Analyst does not have positions in the stocks.
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