Book profit in Titan Industries around Rs 240-245: Kulkarni

Kulkarni told CNBC-TV18, "I have been bearish on Titan Industries for a long time and the weekly as well as the monthly charts of Titan suggest that any move on the upside to Rs 240-245 should be used to book profits and move out because the weekly as well as the monthly charts suggest a possibility of a fall for much lower levels."

He further added, "As of now the stock is clearly in a distribution phase. Any break-down below Rs 216 is a clear sign to go short in case of Titan. I would expect sub Rs 200 levels for Titan in the near future. I am not bullish on Titan."

" Hexaware Technologies is quite okay. Support levels are at around Rs 110 to Rs 112 that is the support level that has been acting over the last 2-2.5 months. I think the probability is that the stock may just move in a range of Rs 110-Rs 112 on the lower side that is the support. On the upside resistance is at Rs 126 to Rs 128. So no clear pattern is emerging in case of Hexaware at this juncture."

Disclosures: It is possible that we have positions in some of the stocks discussed and we have recommended them to our clients.