Short Pidilite Industries: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Pidilite Industries gives a sense that a distribution is going on. It is making lower highs, lower lows, so the strong support level is going to come under challenge. Stocks that have given remarkable returns have all started their corrections; Pidilite probably is going to follow. With a stop loss of Rs 570 you could make this into a positional trade on the short side. Pidilite is also just come in the futures list. That is why it is now emerging in our lists also."At 09:38 hrs Pidilite Industries was quoting at Rs 550.75, down Rs 4.30, or 0.77 percent. It has touched an intraday high of Rs 558.10 and an intraday low of Rs 547.10.