Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Reliance Capital has broken down. On Anil Dhirubhai Ambani Group (ADAG) there are signs of distribution. So, lower levels are coming here. Again while it is a shorting idea it is not at all something you want to bargain and hunt in."
Reliance Capital closed at Rs 334.00, down Rs 9.75, or 2.84 percent. It has touched an intraday high of Rs 351.75 and an intraday low of Rs 323.05.