1. Despite Ashok Leyland being available at Rs 15, and the price having factored all the negative news BRICS Securities has given a SELL recommendation on Ashok Leyland. Presently share is trading at a PE of 31.6x FY09E and 16.3x FY10E EPS. In terms of EV/EBITDA, the stock is trading at 10.5x FY10E EBITDA. Brics securities feel that downside risks is high and upside potential is not visible anytime soon in the stock and thus one can sell the said stock.

2. India Infoline has issued a sell recommendation for DLF as daily RSI as well as the daily MACD are exhibiting negative divergence. As a strategy India Infoline has recommended traders to SELL the stock at current levels and on rallies to Rs 205 as it feels that the stock can target the level of Rs175-Rs165 with stop loss of Rs 215. However one has to just remember that the issue of corporate governance has been resolved at the company and has already earmarked Rs 1100 Crore for the buyback of the shares.