In his latest analysis, stock market expert Ashwani Gujral of ashwanigujral.com, advised investors to "trade on the short side" as he thinks "once 11,050 (Nifty) zone starts to collapse", cement, construction and other spaces will start to decline.

Stock specific, he said, “Metals are weak. JSW Steel is a 'sell' with a stop of Rs 213 and a target of Rs 198. Indiabulls Housing continues to make fresh lows. So, that is a 'sell' with a stop of Rs 231 and a target of Rs 215. ACC is a 'sell' with a stop of Rs 1,455 and target of Rs 1,400. NCC is a 'sell' with a stop of Rs 48.50 and a target of Rs 42. Britannia is a 'buy' with a stop of Rs 29.20 and target of Rs 3,040.”

Follow stock recommendations by Ashwani Gujral here:

https://www.cnbctv18.com/author/ashwani-gujral-115/

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

First Published:Oct 9, 2019 9:17 AM IST