The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today.
He also spoke at length on Bajaj Auto, IndusInd Bank, PVR, Tata Communications.
Talking about stock picks Prakash Gaba said, “Bajaj Auto looks good to me. The way it is trading looks like a base is formed here. We can see higher levels. The target for the near term is Rs 3,120 but I don’t think it is stopping there it is going beyond Rs 3,200 stop below Rs 3,000 should be fine. I like IndusInd Bank which has started new up move yesterday. It has formed a very good base closer to Rs 1,400 zones give some time and space it will go to Rs 1,750 -1,800 also but for the moment I will say the target is Rs 1,650 stop below Rs 1,450 on IndusInd Bank is just fine. Two stocks looks weak on the shorting side. PVR can slide to around Rs 1,700 zones stop above Rs 1,780. Tata Communications is a weak structure. It can continue lower we could see lower levels to around Rs 520 zones stop above Rs 540.”
Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/
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.