Sell Grasim Industries, Hero MotoCorp: Prakash Gaba

In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com shares his views on trading strategies.

ET Now: What about your trading strategies this afternoon or what is it that you would want to play on this bounce back?

Prakash Gaba: Well, I will go for Crompton Greaves, it is a buy, looks good, can climb to levels closer to around Rs 183, stop loss below Rs 173.

Stock that looks weak to me is Grasim Industries Ltd, here I feel that it is down and has broken an important support of Rs 3355 and looks like it is heading down to levels closer to around Rs 3250 stop loss above Rs 3386.

Finally, I have a sell on Hero MotoCorp Ltd that stock looks weak to me, it certainly got exhausted in the upper regions. During the last 10 trading sessions it is sluggish and looks like it is heading to levels closer to around Rs 2940, stop above Rs 3100. Hero MotoCorp is weak.