The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Axis Bank, Havells India, Amara Raja Batteries, Ceat.
Stocks specific, Gaba said, “Two stocks on the short side. Amara Raja Batteries looks weak. We can see a slide to around Rs 560 zones, stop above Rs 597. Ceat looks weak. We can see a slide to Rs 885 and stop above Rs 921.”
“I like two stocks. I will start with Axis Bank. That looks good to me. Possibly we would see a good upmove from here. Target on the upside is around Rs 800, stop below Rs 778 should be okay. Second is Havells India. It has seen a good upmove, the reaction that we saw has got over, upmove seems to have resumed. Target on the upside, Rs 795, stop below Rs 780,” he said.
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