Manas Jaiswal of manasjaiswal.com recommends shorting Jaiprakash Associates and Unitech.
Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Jaiprakash Associates has broken its support of Rs 23 and now it is making lower tops and lower bottoms. So I think targets should be around Rs 19.25. So even at current level, one can go short with a stop loss of Rs 20.80."
"Unitech has made a head and shoulder on the daily chart, it is trading below neckline and on the intraday chart it has broken the support of Rs 15. So we may see selling pressure here also. The stock can test Rs 14.20, so even at current level one can go short with a stop loss of Rs 15.30," he said.
Disclosure: Analyst has no personal holdings in the stock but has recommended the stock to his clients.
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