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 Finance, Indraprastha Gas (IGL), NCC, Godfrey Phillips India, Apollo Hospitals, Can Fin Homes, Bosch, MRF, Axis Bank.
Speaking about his stock recommendations Prakash Gaba said, "Bosch looks good. Perhaps we can see a level closer to Rs 18,000, maybe higher in the days to come. One could have a stop below Rs 17,250 on Bosch and trade long here. MRF looks weak. It has seen some kind of selling pressure on the upper regions. We saw good move from Rs 52,000 to Rs 58,000 zones. Looks like some profit booking coming in. Possibly we will see a slide to around Rs 54,000 where we could find some support. Stop above Rs 55,300 should be okay. "
“I like Apollo Hospitals that has seen a good momentum, it can climb to around Rs 1,300 zones Rs 1,285 was the target I think it can go to even Rs 1,300 zones stop below Rs 1,215 should be okay. I like Can Fin Homes that has given a breakout, it is heading to levels closer to Rs 375-380 zones stop below Rs 358.”
“Bajaj Finance is certainly looking good to me, I like the structure and new highs. I think it can climb to around Rs 3,600 zones going towards it stop below Rs 3,430 should be fine. Indraprastha Gas is also looking good to me. It is climbing to Rs 350 zones stop below Rs 331 should be okay. NCC is one stock that has been looking good for a while, it continues to look good. Target on the upside Rs 125 stop below Rs 115. A solitary sell on Godfrey Phillips because it broke down from four digits to three digits, it has broken the Rs 1,000 mark. It is sliding down to around Rs 900 zones or even lower. I would like to sell rallies here Rs 975 is long bar maybe Rs 850 we can see and sell rallies here.”
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