Sell Bajaj Auto, buy HCL Tech; Ceat looks weak: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Bajaj Auto seems to be a sell. It was tied in the upper regions and looks like it can slide down to levels closer to around Rs 2,250. I would have a stop loss of about Rs 2,350 and trade short. It looks weak to me." "HCL Technologies is a reluctant buy because it gives me a feeling that it can go up from here. Ideally, I need a breakout and the breakout would come in the stock somewhere closer to around Rs 842 or so. Once I get a breakout then the target could be Rs 850. So, it is a conditional buy and I would have a stop loss below Rs 825-831. If I get a dip, then it could be an aggressive buy with a stop loss," he said."Crompton Greaves looks more of a tired structure. On Thursday and Friday it was looking weak. Somehow it can slide down to levels closer to Rs 168. Deep cut is available there while stop loss is above Rs 185." "Ceat among the tyre space is looking weak to me. In fact it has broken down on Friday, so I assume it is going down to levels closer to around Rs 900 zones, stop loss is above Rs 1,000," he added.