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 Eicher Motors, PVR, United Spirits Ltd (USL) and UltraTech Cement, Cipla, and Tata Consultancy Services (TCS), Bajaj Finance, Ceat, Neuland Labs.
Stock specific, Gaba said, "I like Bajaj Finance; that certainly looks good to me and we can see Bajaj Finance climb to levels closer to around Rs 3,150 or Rs 3,200 in the days to come. Stop below Rs 3,050 should be okay. I also happen to like Ceat. Ceat looks like the down move that we have seen has got arrested, up move should start from here. Ceat can climb to around Rs 1,140, stop below Rs 1,106."
“I have all four buys here, to start with Eicher Motors it has seen a good down move from Rs 23,000 to Rs 20,000. Rs 20,000 seems to be a psychological support that is a good place to bounce if it has to. The good place to buy is stop below Rs 20,000 should be fine. On the upside the first technical target is Rs 21,500, that is a buy, I also like PVR, it has seen a good move, sideways consolidation and yesterday it started to go up again. Possible target on the upside is Rs 1,685 on PVR stop below Rs 1,640 should be okay. I like United Spirits as well that is a good stock here. Looks like the down move seems to be stalling here, very good chance it can climb to around Rs 555 zones stop below Rs 532 and finally I like UltraTech Cement. Looks like UltraTech Cement has seen a good up move it should continue up safe bet on the upside target Rs 4,200 stop loss below Rs 4,050.”
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