Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Financial Technologies is a high conviction sell. It has been in a bear market of its own and has been falling. We have had a sell on it many times earlier, that decline continues. At Rs 600, it is now breaking all kinds of support levels so I would expect it to go much further down. It is a waterfall decline really."
"For short sellers, it is a very good stock to go and sell. The upside is protected in the sense that it is not likely to go up. If the market tanks a little also and if the Nifty weakens just a little bit this one could weaken much more," Sukhani said.