Sell Aurobindo Pharma, India Cements, Siemens: Malkan

In CNBC-TV18's popular show Bull's Eye, Vishal Malkan of malkansview.com shares his trading strategies for the day.

One may sell Aurobindo Pharma. It has broken an important support of Rs 170 yesterday with huge volumes, getting hammered by more than 10 percent on yesterdays move. I expect it to continue further for couple of more days and reach a target of Rs 159 for a stop loss of Rs 168.50.
One may sell Crompton Greaves. It had been trading into a range of Rs 87 to Rs 95 in the last few trading sessions. Yesterday it managed to close below that important level of Rs 87 on closing basis and daily momentum has entered bearish zone. I recommend a sell with a stop loss of Rs 87 for targets of Rs 81.50.
One may sell India Cements. It is one of the weakest stock in the cement sector and has broken an important support of Rs 50 on closing basis on daily as well as weekly charts. Momentum is bearish. I recommend a sell with a stop of Rs 51 for targets of Rs 47.
One may sell Siemens. It has formed a double top pattern on daily chart as well as weekly chart. It has broken an important support of Rs 510 on closing basis and it has entered into bearish zone on momentum. I recommend a sell with a stop of Rs 512 for targets of Rs 481.