The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today.
He also spoke at length on Hindustan Unilever (HUL), Infosys, Mahindra & Mahindra Financial Services, Bajaj Finserv, Tata Elxsi, Tata Consultancy Services (TCS), Aurobindo Pharma, NIIT Technologies, HCL Technologies, Kitex Garments.
Speaking about his stock recommendations Prakash Gaba said, "I have two stocks on the long side. Today happens to be the day for IT. So, HCL Technologies looks good. I think it can climb to Rs 1,110 zones, stop below Rs 1,075. Kitex Garments I think is looking good now. We can see an up move here building up, possible target on the upside is Rs 120 zones, stop below Rs 110."
“Aurobindo Pharma possibly looks up for me. Target on the upside Rs 710 good buying seen today stop below Rs 675 should be okay. NIIT Technologies it can climb to around Rs 1,305 zones stop below Rs 1,275 should be fine.”
“Tata Elxsi is looks good to me, we should see an upmove here target on the upside Rs 925 zones stop below Rs 890. Again Tata Consultancy Services (TCS) looks good to me. It is heading to Rs 2,150 stop below Rs 2,072.”
“I like HUL the last one hours session was good. HUL can climb to Rs 1,810 zones stop below Rs 1,765. I also happen to like Infosys, massive upmove and it is climbing to around Rs 740 zones stop below Rs 718. M&M Financials also looking good. Possible target on the upside Rs 430 stop below Rs 411. Bajaj Finserv is weak, it can see a slide to around Rs 7,900 stop above Rs 8,190.”
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