Sell Apollo Tyres, Motherson Sumi, REC: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "First call is a sell call on Apollo Tyres. The stock is making lower tops and lower bottoms from the level of Rs 200 and today it broke the support of Rs 145. So possibly we may see further downside in Apollo Tyres. It can test Rs 134. So one can short with a stop loss of Rs 146.""Second sell call is on Motherson Sumi. The stock was trading in a range of Rs 300 and Rs 260 for last one month but now it broke this support of Rs 260 with higher volumes. So we may see a sharp crack in Motherson Sumi. It can test Rs 240. So one can short with a stop loss of Rs 256," he said."One can also sell Rural Electrification Corporation (REC). The stock is making lower tops and lower bottoms. It broke the support of Rs 202 with higher volumes. So this trend will continue and REC can come down to around Rs 192. So Rs 192 is our target and one can short with a stop loss of Rs 206."