Short Dr Reddy's, LIC Housing Finance, Coal India: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Dr Reddy's Laboratories is looking weak. It has got tired in the upper regions and has actually broken down. Looks like it is heading to maybe levels closer to Rs 2,850; I would have a stop loss above Rs 3,000. Trade short in Dr Reddy's.""LIC Housing Finance is also looking weak. It is falling apart and is sliding down to levels closer to Rs 425. I would have a stop loss above Rs 431 and trade short," he said. "Tata Motors DVR actually has broken down with a gap and heading down to levels to maybe around Rs 220 zones, keep stop loss above Rs 237.""Coal India is a sell and looks like it can slide down to levels closer to Rs 300-302 zones. I would have a stop loss above Rs 315 and trade short.""Banks are looking the weakest. Havells India is looking weak. The way it is falling apart, I think the first target that I have in mind is around Rs 280. However, I don’t think it is stopping at Rs 280; it can even go to levels closer to around Rs 275." "The second stock that looks weak to me is from the banking pack. The way Punjab National Bank (PNB) cracked, it is a super crack and I think it is falling to levels closer to Rs 80-75 zones. I would not rule out Rs 75 zones as well, only thing is stop loss needs to be deeper, above Rs 86." "Allahabad Bank looks weak; a fresh sell has come in. Stop loss is above regions of around Rs 48-49 zones, maybe we can see levels closer to Rs 40 zones. Indian Overseas Bank (IOB) is also cracking apart. When you look at banks, they are looking weak."