Pritesh Mehta of IIFL told CNBC-TV18, "First recommendation is short on Havells. This stock is showing signs of distribution. This stock is clearly topping out after a sharp upmove in the month of April and May. It is now looking weak on the daily chart. The stock is definitely overbought on the short-term charts. Also, if you look from the perspective, it has completely shifted the orbit on the downside. It touched the recent peak of Rs 375 which will be difficult to break. So, short Havells for a target of Rs 330.""Second recommendation is a sell on YES Bank. It is quite unfortunate that I have to include this stock in my sell list, but that is how things are. The stock had a strong run up from Rs 800 odd levels to Rs 1,040. Thereafter it formed multiple spinning top patterns. It tells us that the force of the uptrend is no longer in place. Now, I think the downmove will take place and we can short for a target of Rs 970," he said."Final recommendation is a buy on DLF. This stock in the last two months has rallied by more than 20 percent, but I still believe there is more on the upside. In the last four weeks the stock was stuck in a range between Rs 118 and Rs 130. It is on the verge of breaking this range on the upside. A big move is on the horizon in this counter. So, buy for a target of Rs 150."
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