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 Prestige, Petronet LNG, Hindustan Zinc, Wipro, Tech Mahindra, Reliance Industries, Bharti Infratel, Infosys, Bajaj Auto, Larsen & Toubro (L&T), Balkrishna Industries, and Cipla.
"Balkrishna Industries look good, formed a good base formation over here. Looks like it is climbing level closer to Rs 830 zones stop below Rs 765 on Balkrishna Industries should be fine. I also happen to like Cipla, it is looking good target on the upside is Rs 580 and stop below Rs 560 should be okay.”
“I will go with Bajaj Auto, possibly we will see an upmove here. Possible target on the upside Rs 3,060 stop below Rs 2,980. I also have happen to like Larsen & Toubro (L&T) we have lot of buying here perhaps this buying should continue. If that happens target is around Rs 1,500 zones stop below Rs 1,450.”
“I have two longs and two shorts. Prestige looks a buy. Possibly we could see an up move here. It saw a good up move yesterday as well. Target on the upside Rs 274, stop below Rs 257. Petronet LNG is another good stock. Looks like a buy here. Target on the upside Rs 248, stop below Rs 236. Hindustan Zinc is a sell. We could see a slide, more of an exhaustion pattern here. Possibly Rs 248 is possible, stop above Rs 261. Wipro looks like a bit tired in the upper regions. We could see a slide to around Rs 280 zones, stop above Rs 290,” Gaba said.
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