Prakash Gaba of prakashgaba.com told CNBC-TV18, "Ceat is looking good to me. The way it is trading, looks like it is heading levels closer to Rs 960. It may take a day or two for that and keep stop loss below Rs 895.""Colgate Palmolive looks good, it has given some kind of a move up and looks like as long as Rs 945 holds we can see a chance of maybe around Rs 975," he said. "Kaveri Seed has given a sell somewhere closer to around Rs 440 zone. Thereafter it has been constantly sliding. We saw a down move, sideways consolidation was there but then it certainly broke down. Looks like it is heading down to maybe closer to Rs 300 zone; I wouldn’t be surprised if it goes further down." "There is a lot of disruption in the telecom pack. All telecom stocks are looking weak. Idea Cellular was a sell this morning. It can slide down to Rs 70-75 zones but will it hold there is the question. If it breaks Rs 75 it is going down to below Rs 40-50 zones. So, that is my concern for Idea. It has given a breakdown at Rs 95 zones. Have a deeper stop loss above Rs 95; that is what is needed and sell rallies as long as you can get it but hold it for a longer period of time, maybe we will see levels below Rs 70."
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