See higher levels in CESC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "CESC is some kind of a dark horse. It had a sharp decline and that decline still made higher low, which suggests that there is an underlying uptrend now developing in this stock. It had a rally, the rally has now faced some kind of a resistance or rather a trading range."

"We will assume that it will breakout on the upside and because today is F&O expiry this could give us a handsome break on the upside, if it starts showing strength, latch on to it, by the afternoon lot of things could happen," he said. At 10:16 hrs CESC was quoting at Rs 338, up Rs 4.40, or 1.32 percent. It has touched an intraday high of Rs 340 and an intraday low of Rs 337. 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 8.14 percent below its 52-week high and 33.76 percent above its 52-week low. Market capitalisation stands at Rs 4,258.80 crore.