Exit CESC at around Rs 990-995: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would recommend a hold CESC with a stoploss of Rs 940, but upside also is limited. Rs 1,000 is a very strong short-term resistance which I feel the stock will find it difficult to cross. So try and book out nearer those levels, Rs 990-995 nearer that. I do not see that weakness where it will crack down."

At 14:48 hrs CESC was quoting at Rs 960.45, up Rs 1.45, or 0.15 percent.

The share touched its 52-week high Rs 1,001.85 and 52-week low Rs 590.60 on 16 May, 2017 and 09 November, 2016, respectively.