Buy JSW Steel; short Yes Bank, Asian Paints: Rahul Shah

Rahul Shah, Associate VP, Equity Advisory Group at Motilal Oswal told CNBC-TV18, "The metal pack looks convincing. We saw some sell-off in last two to three days in the metal pack but the underlying tone is still bullish. So I would buy JSW Steel with a stop loss of Rs 291 and target of Rs 318."

"We feel private sector banks are doing quite well but in that Yes Bank is very weak in that perspective. We have seen short built up in the stock, so I would go short on Yes Bank with a stop loss of Rs 310 and target of Rs 280."

"Asian Paints has been hovering around the same levels for quite some time and we have seen the weakness in the charts as well as the short built up. So I would short Asian Paints with a stop loss of Rs 1,142 and target of Rs 1,085," he added.