Short Ambuja Cements, HPCL: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like two stocks on the short side. Ambuja Cements is certainly looking weak. It is more of an exhaustion pattern out here and can see a slide to levels closer to Rs 270 zones, keep stop loss above Rs 281."

"HPCL is another stock that looks weak, it is falling apart. Looks like it can slide down to levels closer to Rs 460, keep stop loss above Rs 483," he added.