Short Lupin, L&T Finance Holdings: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I am giving two short calls and both are in the August futures. Lupin which has been trending down for all these days, I would suggest a sell with a stretched stop loss above Rs 1,008 and target would be Rs 967 and 952 because in a market like this, the weakest stocks tend to fall much further."

"L&T Finance Holdings has actually shown a tweezer stop and again in the August futures you sell with a stop loss above Rs 178.10 while Rs 171 and Rs 169 are the two targets," he added.