Sell CESC on rally, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "CESC has come back to strong resistance levels of Rs 315-320 and chances are that it is going to hold this resistance even if it goes higher and it is a sell on rally. There is nothing here to buy."

"The stock is in some kind of a bear market and it is a short sell especially in an environment where market will become choppy," he said. At 10:24 hrs CESC was quoting at Rs 311.40, down Rs 1.00, or 0.32 percent. It has touched an intraday high of Rs 312.45 and an intraday low of Rs 306.65. The share touched its 52-week high Rs 367.95 and 52-week low Rs 252.70 on 04 July, 2013 and 28 March, 2013, respectively. Currently, it is trading 15.37 percent below its 52-week high and 23.23 percent above its 52-week low. Market capitalisation stands at Rs 3,923.64 crore.