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 HCL Technologies, Tata Consultancy Services (TCS), CG Power, Punjab National Bank (PNB), Asian Paints, Reliance Infrastructure, Indiabulls Housing Finance, Infosys, ICICI Prudential, Max Financial, Reliance Industries, and Tata Motors.
Talking about stock recommendations, Prakash Gaba said, “I like Reliance Industries on the log side because looks like it is slowly building up it is more of an inching forward move so it can climb to around Rs 1,350 zone stop below Rs 1,320. Tata Motors look a tad weak, possibly target on the downside is in the vicinity of Rs 170 zones stop above Rs 176.”
"ICICI Prudential looks good to me. ICICI Prudential looks like it can climb to levels closer to around Rs 400-405 zones, stop below Rs 390 should be fine. I also like Max Financial. Looks like also should be up. Target on the upside Rs 465-470 zones, stop below Rs 447."
“Indiabulls Housing Finance certainly is looking good and it can climb to levels closer to around Rs 810 zones stop below Rs 780 should be fine. Infosys looks good as well, it has formed a good base here, give some time and space it is going to levels closer to Rs 750 zones stop below Rs 725 should be okay.”
“I have two stocks Asian Paints looks good to me possibly it can climb higher from here and maybe we can see levels closer to Rs 1,400 stop below Rs 1,360. Stock that looks weak is Reliance Infrastructure. Looks a tad weak here, possibly we could see a slide to around Rs 300 zones that is a psychological support if it goes there stop above Rs 110.”
“I am positive on IT I have two stocks HCL Technologies certainly looks good to me it has formed a good base for last couple of days. Yesterday showed it first traction up. I think it is heading to levels closer to Rs 1,115 stop below Rs 1,072. I also happen to like Tata Consultancy Services (TCS) I liked it yesterday as well it is climbing to levels closer to Rs 2,180 stop below Rs 2,075. CG Power is a short, I think it is coming down to perhaps lower to around Rs 34 zones stop above Rs 38. PNB is sliding down to levels closer to Rs 78 stop below Rs 84.”
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