Short DHFL, HDFC Bank: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I would like to short Dewan Housing Finance. That looks weak to me and it can see a slide to levels closer to Rs 500. If we get rallies here, short it. Have a stoploss above Rs 560; maybe it will take a day or two, it should go there."

He further added, "HDFC Bank looks certainly weak. The way it is trading, looks like it can slide down to levels closer to Rs 1,780, Rs 1,760 zones. It has already fallen after I have recommended but looks like it is weak. Rallies can be short, stoploss above Rs 1,820; that is steep but the targets are also deeper, Rs 1,760."