Short Hindustan Zinc: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Most of the metal stocks are looking weak. Hindustan Zinc has broken its 200-day moving average, today it broke the support of Rs 164. On a weekly chart it has made a head and shoulder pattern and is trading below the neckline. So we may see more weakness in Hindustan Zinc. It can come down to around Rs 154. So one can go short with a stop loss of Rs 166."

At 14:32 hrs Hindustan Zinc was quoting at Rs 161.20, down Rs 3.00, or 1.83 percent. It has touched a 52-week low of Rs 161.05.

Disclosure: Analyst has no personal holdings in the stock but has recommend the stock to his clients.