Positive on Mahindra & Mahindra, Neyveli Lignite and Divis Lab: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com, Microsec Capital Ltd., in a chat with ET Now talks about a range of stocks.

Any fresh short ideas that could come in, aside of the Bank Nifty, anything else that you have spotted?

You could look at shorting Escorts. We are looking also to short Mahindra & Mahindra. Neyveli Lignite has broken below the 200 day moving average. So that is looking like a good short. With a 2-2.5% stop loss, you could possibly look for target of closer to 140 or 138 for Neyveli Lignite. Our research desk has also generated fresh shorting idea on Divis Lab, 697 right now. We are looking to sell this one for targets of 680 or 675 on the downside with a stop loss of 712.