Exit Sintex Industries, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "At the moment Sintex Industries is in the downtrend and downtrend is a pretty steady downtrend but since the downtrend is quite old it is difficult to say whether it is directly headed for Rs 16 or so, it can go there definitely but I would suggest that if there were to be a rally at all and if it fails to take out Rs 24.60-26.25, this range is a potential supply zone on the upside, then one should immediately exit."

"Otherwise since it is in a steady downtrend one can chose to exit here," he added.