The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Biocon, Maruti Suzuki, L&T Finance, Bajaj Finance, Castrol, RBL Bank, Vedanta Ltd, and Aurobindo Pharma, Indusind Bank.
“I have two stocks and I have both on the long side Aurobindo Pharma looks good to me. Very good chance, it can climb to around Rs 770 zones stop below Rs 740 should be okay. I like Indusind Bank, it has seen a good upmove today. It is continuing its journey up, technical targets of the upside is in the vicinity of Rs 1,650 zones, we even go higher stop below Rs 1,587 should be okay on Indusind Bank.”
“I like Biocon, it looks good to me, very good chance, it can climb to levels closer to Rs 650, stop below Rs 630 should be okay and I also like Maruti Suzuki. I think it is heading to levels closer to around Rs 7,700, stop below Rs 7,500 should be fine on Maruti Suzuki,” he said.
“I was looking at L&T Finance. That was looking good to me and I feel that it can climb up higher to maybe zones of around Rs 150-152, stop above Rs 145 should be okay, some of the banks are looking good to me,” he added.
“I will go for stocks which have seen some correction. I will start with Bajaj Finance, looks good, can see a climb to around Rs 2,580 zones, stop below Rs 2,450. Castrol is offbeat stock again, seen a good down move, since two days we have seen an upmove here, possible targets on the upside in the vicinity of Rs 153-155 zones, stop below Rs 146. Among the banking pack, I like RBL Bank, seen a good consolidation, upmove has started, possible targets on the upside Rs 585, stop below Rs 563 and finally metals, Vedanta looks good, targets on the upside, Rs 205 stop Rs 195,” said Gaba.
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