Prakash Gaba of prakashgaba.com is of the view that one can short Arvind and Indian Oil Corporation.
"Second stock that looks weak is Indian Oil Corporation (IOC). The up move that we have seen from Rs 285 to Rs 308, looks like more of a reactive up move. The stock has gone up to come down. So, I think the stock is coming down to levels closer to Rs 288 to Rs 285 zone, keep stop loss above Rs 297," he said.