Go long on CESC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "CESC had a sharp correction but the rally was much larger than the correction and the correction is normal after a big rally. It is now stopping at the Rs 320-330 level which is a strong support. There will be corrections but CESC promises higher levels."

"Therefore, today after the choppiness it could continue. It begins a new move up. We want to be on the long side here, not on the short side," Sudarshan Sukhani said. 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 8.28 percent below its 52-week high and 33.56 percent above its 52-week low. Market capitalisation stands at Rs 4,252.50 crore.