Motilal Oswal
    NIFTY 50
Motilal Oswal

Buy ICICI Bank & Indiabulls Real Estate, recommends stock analyst Prakash Gaba

Updated : May 24, 2019 12:45 PM IST

The latest analysis and commentary by stock market guru Prakash Gaba of on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Mahanagar Gas Ltd (MGL), Bajaj Finserv, Bata India, Hindalco Industries, Just Dial, ITC, Tata Consultancy Services (TCS), Coal India, HDFC, ICICI Bank, Indiabulls Real Estate.

"I like ICICI Bank, it is certainly looking good to me, it can climb to levels closer to Rs 430 stop below Rs 410. ICICI is a buy. I also happen to like Indiabulls Real Estate, target on the upside Rs 132 stop below Rs 121.”

"Coal India looks weak. Possibly we could see a slide here. Some kind of resistance is there. It is a very aggressive short here, stop above Rs 245. If it slides down, Rs 235 is a possibility. Second is HDFC. It is a mainline stock; I think possibly here to I have a feeling it can see a slide to around Rs 2,040, stop above Rs 2,135 should be fine," Gaba said.

“Mahanagar Gas looks like a buy. It has formed a good base, it could continue up to maybe around targets of around Rs 920, stop below Rs 860. Bajaj Finserv has run up too much fast, so perhaps there could be some exhaustion here, should be sold on rallies, stop above Rs 8,175, target on the downside Rs 7,800. Bata looks like more of a sell here. It did try to go up from Rs 1,300 to Rs 1,400, looks like more of an exhaustion, it is a sell. Target on the downside is Rs 1,300 zones, stop above Rs 1,380. Hindalco – even National Aluminium was looking weak – is a sell. It can see a slide to around Rs 185 zones, stop above Rs 197. All these sell calls should be sold on rallies,” he said.

Follow stock recommendations by Prakash Gaba here:

Disclaimer: The views and investment tips expressed by investment experts on are their own and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.
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