Expect downside in CESC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "CESC has a very shabby chart, it has been falling; it goes up in a vertical line then gives up all its gains. It is on the verge of a breakout on the downside. There is more downside coming and the very fact that we are getting a short sell is interesting."

At 09:27 hrs CESC was quoting at Rs 677.50, up Rs 1.20, or 0.18 percent. It has touched an intraday high of Rs 677.50 and an intraday low of Rs 670.30.