Sell India Cements, advises Pritesh Mehta

Pritesh Mehta, technical analyst at IIFL told CNBC-TV18, "One particular stock which we like on the short sell side is India Cements. The stock had a terrific upside in the last few days but that period of outperformance is done with because it is facing resistance at its downward sloping trend line. The same also coincides with its 200-day moving average. In fact the stock has struggled to gain control above this 200-day moving average since January 2013."

"I feel that the stock is done with its recent upmove and it is the right time to get into the short side. So, sell it for a target of Rs 50," he added.

Disclosure: Analyst has recommended the ideas to his clients but has no personal holdings.