Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Axis Bank is a sell with a stop loss of Rs 500 for target of Rs 480."
"Bajaj Finserv is also a sell with a stop loss of Rs 4400 for target of Rs 4260," he said."
"This kind of breakdown in CESC suggests that there should be follow up. Even if somebody hasn’t gotten out now, do it. I think the stock most likely is heading towards Rs 790 and maybe below that as well. I think there is more downside left, at least 5 percent more from here and possibly it could expand. This kind of selling suggests that there is very strong supply pressure and this will see follow up in the next few days to come by."