Sell Just Dial, Cipla: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "Suzlon Energy did open very strong, but closed poorly. If it breaks Rs 19.50, I would look for some correction, otherwise it is just doing a range of about Rs 21.5-22 on the upside to about Rs 19.50."

"I am still trading on the short side despite the fact that the index will come closer to support zones of 9,360-9,350. I think a lot of stocks are giving breakdown signals and the first one is Just Dial. It has tapered off still further, but I think around Rs 472-473 would be a good sell. Keep a stop loss at Rs 490 and look for Rs 440 kind of a target," he said.

"The second sell call is from pharmaceutical sector and we did speak about pharmaceutical yesterday as well. Cipla I think is a sell with a stop loss at Rs 560, look for a target of around Rs 525 and try to sell around Rs 547-548 mark."