Rajat Bose of rajatkbose.com told CNBC-TV18, "I am trading Vedanta, sell, stop loss above Rs 236.60, Rs 231 to about Rs 229 is the target for the day but it can slide below. If it were to slide below Rs 229, then it can go down to Rs 225 as well."
"Rural Electrification Corporation (REC) is also a sell; Rs 172 is your stop loss and Rs 167 to about Rs 164.50 is the target."
"Among the PSU banks, I would also suggest Punjab National Bank (PNB), but you can also sell State Bank of India (SBI). Sell PNB with stop loss above Rs 140.20, Rs 134 and Rs 132 are the targets."
"If you sell SBI, put a stop loss above Rs 287. It can go down to Rs 272 to about Rs 267. In fact if it were to fall below Rs 267, there would be a sharp slide in it. SBI's charts look the weakest," he added.
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