Trying to find where weakness is coming from in financial space: Jitendra Mehta, Edelweiss

Jitendra Mehta, Technical Analyst, Edelweiss, in a chat with ET Now talks about the financial sector.

Talking about the entire banking and financial space, does it seem like it is getting a little toppish because you do have a sell on HDFC Bank as well as on LIC Housing Finance?

What we have been trying to identify here is that the breaking up of market structure and see where the actual weakness is coming from. If you see the market correction in the last 2 days, besides metals and reality - which generally is high beta - it is banks which have been also coming down and banks have been in an uptrend for a while.