Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I was looking at some of the pharma names and I think lot of these stocks are breaking down. We have seen Aurobindo Pharma make a new low. So, I would take a STBT or maybe short term sell call with a stop loss at Rs 585, look for declines to about Rs 550."
"Strides Shasun is also going through a big correction and there is about another 5-6 percent decline which can happen over there," he said.
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