Sell Crompton Greaves, Voltas: Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "In Crompton Greaves, the recovery has been quite strong. In the last two trading sessions the stock moved from Rs 102 to Rs 114. If you see the overall broader picture or the daily chart then you will see that on the upside Rs 114-115 would be a very important resistance level for the counter, which I think you will see lot of selling pressure over there. So if you have positions which you have built over the last four-five trading sessions in case of Crompton Greaves, good time to book profits. You are getting about 7-8 percent in three-four trading sessions."

He further added, "The second one wherein you should be moving out of the counter would be Voltas. The stock moved from Rs 98 to Rs 108, a good 10 percent move in the last three-four trading sessions, book profits. Why I am recommending to book profits in mid and small cap stocks is basically because the mid and small cap indices are themselves showing a pullback. So sell into the pullback rally, the overall broader trend still remains on the downside."