Sell Mahindra & Mahindra Financial Services: Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "I don’t think financials or particularly banks will be under pressure; there is a consolidation under way. In Mahindra & Mahindra Financial Services, there is a big breakdown which has happened on weekly. I think one should sell this rebound and stop loss of Rs 238 should work with a target of Rs 210. There is a symmetrical triangle pattern where which we are trading right now which is on the monthly charts but that breakdown is already in place. This rebound is a good selling opportunity."Mahindra and Mahindra closed at Rs 1,255.15, down Rs 5.55, or 0.44 percent. It has touched an intraday high of Rs 1,278.95 and an intraday low of Rs 1,242.05.