Short Asian Paints, Ceat; Indiabulls Housing Finance can climb to Rs 1400: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I would look at two stocks, both on the short side. Asian Paints looks weak and can see a slide to levels closer to Rs 1,140 zones, keep stop loss above Rs 1,180. It looks more of a tired pattern out there."

"Ceat also is weak. It can see a slide to levels closer to Rs 1,615 zones, keep stop loss above Rs 1,750. Both may take a day or two for that, but both look weak."

"Indiabulls Housing Finance can climb to levels closer to Rs 1,400 zones. It looks like today it is into a pause zone, but better stocks on real estate would be Kolte Patil and Godrej Properties. Both are looking good. Kolte Patil has seen a good breakout here, so, I would prefer to go in for Kolte Patil and Godrej Properties instead," he added.