Prakash Gaba of prakashgaba.com told CNBC-TV18, "Dish TV set up is such that once it breaks the level of Rs 94 it actually cracks and cracks a lot. So, far it is at a place that it can slide down to levels to around Rs 88 zones. It is an aggressive sell in anticipation of a breakdown; stop loss above Rs 98 should be fine on the stock."
"I think Glenmark Pharma a classical text book sell. It has broken Rs 930. So, I would say it can actually slide down to levels to Rs 825 with stop loss above Rs 890.This is purely a trading play but Glenmark is looking weak," he said.
"JSW Steel is still up, the first technical target that I have on JSW Steel is Rs 1,070, it can go even to Rs 1,100, so that is a zone it can climb up to with stop loss below Rs 985, it is certainly a better stock."
"LIC Housing Finance can climb to levels closer to around Rs 485. I would have a stop loss below Rs 465 on LIC and trade long."
"TV18 Broadcast is a buy for couple of days because structurally it has made a good base formation. It is a matter of time. It is a buy on dips stock and hold it. Target that I have on TV18 is Rs 44 with stop loss below Rs 37 which is a support. It is a buy on dips stock."
Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.
"ICICI Bank has broken down a very important support of Rs 250. As long as it stays below Rs 250 it is still down. If you to buy ICICI Bank it has to cross Rs 250, so I would say it is weak and it can slide down to levels to around Rs 240-235 as well."
"I think Axis Bank is a classical bank. I would have a stop loss above Rs 445 and trade short. Where does it go, may be around Rs 420-415-400, so it is possible in couple of days, it is looking weak."
"I would look at Infosys given a breakout and it can climb to levels closer to around Rs 1,085 or so which would have a very tight stop loss below Rs 1,060 in it."
"Adani Enterprises is looking good from here purely from a trading angle. If it does go up, it can climb to levels to around Rs 83. That is space I would book my profit. Stop loss is somewhere below the levels of Rs 78 should be fine on the Adani Enterprises."
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