Short Jubilant Foodworks, like IndusInd Bank: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "The auto pack is looking weak and two-wheelers in particular are also looking weak. I think Hero Motocorp can slide to levels closer to Rs 2,440. It may not stop there. It may even go lower than that in a couple of days, but have a stop loss above Rs 2,525 and trade short.""When I look at the chart of Jubilant Foodworks in the upper regions, it is more of a sell there. It tells me that it cannot be going up, best thing to do is to sell it. I think it can slide today to levels closer to around Rs 1,325. Days to come, it can even go to Rs 1,300 zones. So, I would say if you get a rally, short it. Resistance is at Rs 1,410, have a stop loss above that and trade short," he added."I had recommended Aditya Birla Nuvo somewhere closer to Rs 2,100 last week with a target of around Rs 2,300-2,350. It has already achieved the target. So, far it looks good to me and maybe we can see an upmove continuing here, to maybe levels closer to around Rs 2,500. Put a stop loss at Rs 2,300, it looks good to me.""I always like IndusInd Bank since the initial public offering (IPO) days. I have been having this stock in my portfolio, it is never a sell for me. Purely from a trading angle, I think it is climbing to levels closer to Rs 965, keep stop loss at around Rs 934."