Exit Jaiprakash Associates: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "The thumb rule of trading or investing in stock market is buy the stocks which are going up and sell the stocks which are going down. So, we have a bull market going on in the last one and a half year and we see Jaiprakash Associates going down continuously, so there is no point in buying this stock."

"It may bounce technically, it may give you rise up to 20-21 levels but I would say definitely exit out of a down trending stock and get into something which is moving up, something like pharma stocks and capital goods stocks," he added.