Short CESC, Crompton Greaves: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Chemicals is breaking down from a large bearish pattern and it is going to go lower. CESC is a prime shorting candidate for the day, 52 week lows are bearish and it is a positional short. The final eventual targets for CESC could be sub Rs 400. However, the very fact that targets are visible tells us we can be short, comfortably for a longer period." "Crompton Greaves had a sharp rally on a three-four days of big rallies and suddenly that has dissipated. A long distribution has led to an eventual breakdown, a positional short today as well," he said.