Sell LIC Housing Finance: Shardul Kulkarni

Shardul Kulkarni, Senior Technical Analyst at Angel Broking told CNBC-TV18, "In case of LIC Housing Finance we are seeing breakdowns and we feel that the gap area formed in yesterday’s gap down opening is a strong resistance going forward. The chances are that the stock might move towards Rs 185 over the next eight to ten trading sessions, so we recommend a sell in case of LIC Housing Finance."

"We have taken L&T and LIC Housing Finance because going forward we are of the view that capital goods and financials are the sectors which might lead the market on the lower side over the next six-eight days," he added.