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, Jindal Steel and Power Ltd (JSPL), Dewan Housing Finance Corporation, Pidilite Industries, Bharat Financial Inclusion, and Indusind Bank.
“Bharat Financial Inclusion looks a tad weak possibly we could see a down move to around Rs 860 zones stop above Rs 915. Indusind Bank is also looking weak possibly Rs 1,370 is a target stop above Rs 1,446.”
“HDFC Life looks a buy, can climb to around Rs 460 zones, stop below Rs 443. I like JSPL as well, technically the targets are Rs 176, stop below Rs 165. Two short calls – Dewan Housing, safe short I would say. I think it is heading down to Rs 75 levels or even lower. I would have a stop around Rs 93, sell rallies in Dewan Housing. Finally Pidilite, it is coming down to levels closer to Rs 1,200 zones, stop above Rs 1,265,” he said.
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