Sell Cairn India, Asian Paints; Hero Moto may head higher: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Ceat was a sell yesterday and certainly the way it has broken down, I think it has further downside at around Rs 870 zones. Keep stop loss above Rs 945 or so. Cadila Healthcare has been a sell for a couple of days. Yesterday there was a break down and I think it is sliding to levels closer to Rs 290, keep stop loss above Rs 308.""Cairn India becomes a natural sell. It is heading down to the levels closer to around Rs 100 which is a psychological support. Keep stop loss above Rs 115," he said."Today is a day for sell. Container Corporation of India has broken down with a gap, it is heading down to levels closer to around Rs 1,100, keep stop loss above Rs 1,200.""HDIL is the weakest stock among the realty pack. It is heading down, the target of the downside is Rs 60, I would have a stop loss above Rs 71. Let time unfold, I think it is heading even lower than Rs 60 but I would say Rs 60 seems to be reasonable place to book profits," he added."Asian Paints is a sell to me technically. I would have a stop loss above the levels of around Rs 870 or so and maybe we could see levels closer to around Rs 860-830 or Rs 820. To my mind it is a sell on rally. HCL Tech was a buy. I think it is still sideways, I would not take a long trade nor on the short side, it is in a no trade zone.""Hero Motocorp could go off from here. It has given a breakout. So possible target on the stock is around Rs 2,520. Keep stop loss below Rs 2,440." "Sugar pack basically has bottomed out. Only thing is which stock to look for, may be Bajaj Hindusthan. It gives feeling that there is not much downside but the sugar pack seems to have bottom-out from its longer term perspective trading point. We will have to be very selective."