Wipro, Infosys, TCS on intermediate downtrend : Technical Trends

On the charts, how do you see a Sun Pharmaceuticals, along with that also the likes of a Wipro for that matter as well as an Infosys?

Sudarshan Sukhani: Wipro, Infosys have both begun their intermediate downtrend. Wipro did it faster, Infosys and TCS have now joined in, so the trend is down. If the trader tries to buy, then it is going to be difficult because he is going to be fighting against the intermediate trend. The same applies to Sun Pharma, pharma has started its downtrend now and this is the reason probably why tech and pharma are showing clear downside momentum.

We are seeing the Nifty slide down without any stops. There is nothing left to support it, so Sun Pharma is an excellent stock for an investor and it is an avoid now for the short-term trader. If at all, you can go and short sell on rallies but do not buy.

Dabur, 3.5% up in trade today, how do you like it?

Sudarshan Sukhani: Fortunately Dabur stock has responded well. HUL was also doing well till their results came in but that problem does not appear with Dabur, so the charts of both were looking pretty impressive for upsides, HUL, I hope Dabur stays put. I must point out that Dabur probably needs a significant correction before it becomes an investment buy but it is one of the better stocks, so if there is any sense of the market going up, Dabur is a speculative buy, yes.