Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Rural Electrification Corporation (REC) from Rs 230 has come down to Rs 155 and it is not coming to a stop. REC is giving an immediate target of Rs 140 on the downside. They are coming all the time and we have been bearish because there will be intermittent rallies in between. It is not as if the market will fall but if we have a clear view on the direction of the market, we use those rallies to position ourselves."
"It is possible the market could do something today but REC is coming to Rs 140 and eventually lower level than that," he said.
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