Sell JSW Steel, Bank of India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "JSW Steel had a rally and then a big decline and that decline continues. In any case metals have turned weak. So it is a short sell."

"India Cements apart from the reasons that we understand, the charts are very weak, so we are looking at lower levels in the stock," he added.

"The Bank Nifty is down. All the PSU banks are very weak. You could actually close your eyes and choose a bank to go and short sell, but here is Bank of India (BOI) which is one of the weakest of the PSU banks. So go and short sell BOI. Nifty now appears to have decisively broken a support level and is heading lower."