Stay away from TCS, says Sukhani

Stay away from TCS  , says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, " Lupin is in a trading range, so it confounds me. Sometimes it says, okay I am going down and sometimes it says I am going up. Now today at least the sense is that maybe it is going to break out. Also its peers Cipla, Dr Reddys and Sun Pharma are doing well, so perhaps Lupin will get a breakout this time. It is a stock we must track. If it is going to be a breakout it will be a fairly decent move up."

He further added, "TCS has broken that Rs 1,250 support which it held on for three months. That is a very bearish pattern that it has made from Rs 1,350-1,250, so at least Rs 1,150 or even Rs 1,100. But it is not a good time to call a decline in a blue chip like TCS. So the best thing is to stay away from it."

" Reliance Communications is moving up and that is evident on the charts, so that is nothing I am contributing, but I think it can move up even further. So we just want to wait for some dips and consolidations and it is currently offering an entry opportunity. That is a trade that is worth taking today."