NIFTY 50

Buy ICICI Prudential, & Kotak Mahindra Bank, says stock expert Prakash Gaba

Updated : May 02, 2019 02:24 PM IST

The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today.

He shared his views and readings on HDFC Bank, Hindalco, Jindal Steel and Power (JSPL), PVR, Century Textiles, Pidilite Industries, ICICI Prudential, Kotak Mahindra Bank.

Speaking of his stock recommendations Prakash Gaba said,  "I have two stocks. I like ICICI Prudential; that certainly is looking good. Looks like it can climb to levels closer to Rs 385 zones, stop below Rs 368. The next stock that I like is Kotak Mahindra Bank. It certainly is looking good. Today’s structure is good, possible target on the upside is around Rs 1,425, stop below Rs 1,380."

“I like Century Textiles, it is heading up to levels closer to Rs 950 zones even higher stop below Rs 910 on Century Textiles should be fine. I also like Pidilite, it has seen a good up move after such a down move, looks like today it is maybe a good day to work with and maybe couple of days it is up. Target that I have is Rs 1,275 stop below Rs 1,230.”

“I will go for HDFC Bank, certainly looking good target on the upside Rs 2,350, it is going up stop below Rs 2,295. I also happen to like Hindalco, again a good base formation here target on the upside Rs 210 stop below Rs 201. Jindal Steel again is a good buy, seen a good base formation out here, possible target on the upside is Rs 184 stop below Rs 173. I will go for PVR looks good, Rs 1,800 is the target stop below Rs 1,744.”

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.
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