Mitesh Thacker of miteshthacker.com told CNBC-TV18, "Kotak Mahindra Bank after four days of taking support around 200-day average which was Rs 735-736 has broken down. So that could be a good shorting call. IndusInd Bank has broken down. So private sector banks are clearly having pressure."
"For the time being, I have two sell calls - Arvind with a stop loss at Rs 353 for targets of Rs 333 and Asian Paints with a stop loss at Rs 943 and look for the retest of Rs 900 levels," he added.