Sell Century Textiles, Tata Motors DVR; buy Asian Paints: LKP

Kunal Bothra of LKP Securities told CNBC-TV18, "The first stock is a sell on Century Textiles and Industries. The stock is just about forming a new low. It is breaking almost six to eight months chart pattern, proper head and shoulder with a neckline closer to Rs 480-490 where it is currently trading. So, if it drifts down any further it could probably open a fresh series of downtrend over the next couple of weeks. I am looking at a target of Rs 460, keep stop loss of Rs 505." "Second stock is a sell on Tata Motors DVR. Once again, the stock has given a fresh swing breakdown. It has also come back below the 200-day moving average after being trading above that for the last one week or so. I am looking at a target of Rs 233 on Tata Motors DVR with a stop loss of Rs 248," he said. "The solitary buy which I have is on Asian Paints. The stock is still trading at the upper band of its resistance. I think Rs 880 now seems to be good enough vivid point for the stock. I would look at retest of Rs 905 as the target, keeping a stop loss of Rs 868."