Sell Dabur India, target Rs 256: Ashish Kyal

Ashish Kyal of wavesstrategy told CNBC-TV18, "The overall movement of Dabur India at around one month now has been in a sideways. We are now seeing a very strong sell off which is emerging from around Rs 285-290 levels. So, it seems that it should resume the downtrend and should at least re-test Rs 255-256 zone. The stock has failed to show any kind of momentum on upside even when there was some buying which was emerging in other stocks.""Dabur is a sell and one should keep a stop loss at this around Rs 283.60 and target can be maintained at Rs 256 on the downside," he said.