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 HDFC Bank, Kotak Mahindra Bank, Manappuram Finance, Interglobe Aviation (Indigo), Hindustan Unilever, Mindtree, Dabur, HDFC, ICICI Bank, Maruti Suzuki, LIC Housing Finance, United Spirits.
Talking about stock ideas Prakash Gaba said, "I would look at LIC Housing Finance. It looks good to me. So LIC Housing Finance can see a climb to maybe around Rs 490-505 zones. Second is perhaps United Spirits. I think United Spirits could be looking good. I think it can climb to around Rs 545-550 zones, stop below Rs 530."
"I like ICICI Bank. I think it is heading up to levels closer to Rs 395. Maybe stop below Rs 381 should be fine on ICICI Bank. I like the basic structure of ICICI Bank; the way it is trading, looks like it is heading up now. I also happen to like Maruti. It looks like it is trying to form a base here. Inching forward move in Maruti. On the upside, the target is Rs 6,700 and I would have a stop below Rs 6,500 and trade long on Maruti. It is trying to form a base I would say, it is more of a reactive up move, but you can still trade on the long side."
“Dabur certainly look, this stock looks like it is bottoming out because it is refusing to go down that happens the move is either sideways or upside so Dabur could climb to around Rs 377 zones stop below Rs 360. I kike good old HDFC targets of the upside Rs 2,010 stop below Rs 1,950.”
“I like two stock Hindustan Unilever (HUL) looks good, I think it is heading towards levels closer to Rs 1,725 the momentum is a picking up stop below Rs 1,690 should be fine on HUL. Mindtree as long as it stays above Rs 981 I think there is a good chance it can climb to Rs 995.”
“I will buy HDFC Bank looks good, target on the upside Rs 2,350 it has formed a good base here stop below Rs 2,300. Kotak Mahindra Bank is a good bank, went up yesterday this should continue. On the upside target is Rs 1,450 stop below Rs 1,400. Manappuram Finance looks good. Good base formation, good consolidation target on the upside Rs 126 plus zone stop below Rs 120. Finally a sell on Interglobe Aviation it is more on an exhaustion pattern there is some news out there so I would say that perhaps you will see a slide to levels closer to Rs 1,415 stop above Rs 1,525.”
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