Sukhani told CNBC-TV18, " Infosys at least has given us the right patterns. We had a buy yesterday. TCS is also doing that. Infosys patterns are better because it is coming out of a big base building exercise. TCS is not doing that. TCS is giving us a V-shaped reversal. It fell and then it suddenly consolidated for just two-three days and started moving up."
He further added, "Yesterday all of them had good days. I assume that the good days will continue and this time perhaps the earnings season will not affect the stock prices on the downside. It is probably going to be a little better. So TCS is a buying opportunity. Wipro in any case was a buy when it broke out earlier. So there are good chart patterns in all four of them."
" Titan Industries is falling and that is not surprising because FMCG is out of favour now, maybe because of valuations, maybe because people have made money and are shifting to banking, IT, to metals whatever the reason and Titan has been a sell earlier also. We felt that a deep correction is coming in. That correction is now ongoing."
"A very small rally came about when the Nifty jumped 120 points. That rally collapsed yesterday, so that rally has taken the shape of a bearish flag which tells us that Titan has much more downside here. My target earlier was Rs 285-290, but apparently that is not enough. It is going to go lower. So a short selling idea in a market that could be choppy as of today is a very nice thing to do."
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