Short Strides Shasun, Canara Bank; buy Voltas: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "Strides Shasun is showing a lot of weakness, shorts have already been added into the stock. So, I would short Strides Arcolab with a stop loss of Rs 1,145 with a target of Rs 1,065." "Voltas have been moving up a bit today from today’s day’s low and longs have been added into the stock. So I feel that the range of the stock between Rs 260-300 levels should be in a range and it has taken a support. So, I would buy Voltas with a stop loss of Rs 270-295," he said. "Banks definitely are showing a lot of weakness. The PSU banking space still continues to show that weakness lead by State Bank of India. So, Canara Bank is one stock in the PSU pack that still can go down from current level. So, I would short Canara Bank with a stop loss of Rs 182 with a target of Rs 160."