Sudarshan Sukhani of s2analytics.com recommends selling Sun TV and feels that CESC may head lower.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Sun TV Network has been in an uptrend but yesterday's price action was extremely bearish. It was a very large wide range bar all of on the downside. It opened at the top and went all the way down by the time the markets closed. A similar price pattern had been given on the charts a few days ago. This is not bullish, the signs are that some distribution has just started in Sun TV. If this is so then we are again selling at the top this rally and getting a very good price location. I would be a seller."

Read more at:
http://www.moneycontrol.com/news/stocks-views/sell-sun-tv-cesc-may-head-lower-sudarshan-sukhani_1327010.html?utm_source=ref_article