Manas jaiswal of manasjaiswal.com told CNBC-TV18, "Bharat Forge was moving sideways in the range of Rs 950 and Rs 880 for last one month. Today it broke that trend downside with decent volumes. There are negative crossover in oscillators also. So, we may see a sharp downside in Bharat Forge. It can test Rs 850. So, one can go short with a stop loss of Rs 893." "One can sell Adani Ports. Two weeks back the stock tested its 50-day moving average and thereafter it started making lower tops and lower bottoms. Yesterday it broke its 200-day moving average. Today it broke the support of Rs 310 with higher volumes, so we may see further downside. It can test its recent low of Rs 293. So, that is a target and stop loss should be Rs 309," he said."Ashok Leyland is making lower tops and lower bottoms on intraday charts. Today it broke the support of Rs 91.75 with higher volumes. So, it is ready for a correction. The stock can test Rs 88. So one can go short with a stop loss of Rs 94."
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