Short ITC at around Rs 325-327: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "ITC is looking very weak. A few days back, it made a high of Rs 350-355 but that is its 200-day moving average (DMA) and thereafter it has started making lower tops and lower bottoms. I think the minimum target would be around Rs 300 or maybe around Rs 295. So on any bounce back, near Rs 325-327, one can go short with a stop loss of Rs 335."

"Housing Development Finance Corporation (HDFC) is trading near its 200 DMA and we have already seen around Rs 200 crack in last 10-12 trading sessions. On any bounce back, around Rs 1,200-1,220 one can go short with a stop loss of Rs 1,235. I think the stock can break its 200 DMA and in next two-three weeks time it can go down and test Rs 1,100," he said.

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