Short Bata India, Coal India: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I have two stocks and both are on the shorting side. Bata India looks more of an exhaustion pattern, it is a safe short here. We could see a slide to around Rs 675 zone, keep stop loss above Rs 708."

"Second stock that looks weak to me is Coal India, more of a tired zone out here. We could see a slide to around Rs 280 zone, keep stop loss above Rs 295."

"Bata India and Coal India are both shorting opportunities," he added.