The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today.
He also spoke at length on GAIL, Lupin, Motherson Sumi Systems, United Breweries, ITC and L&T Finance Holdings, Dabur, Indiabulls Housing, Bharti Airtel, Vodafone Idea.
Recommending stock specific ideas, Gaba said, “I like two stocks. I will go with Dabur; it certainly is looking good to me. Dabur can climb to around levels closer to Rs 450 zones, stop below Rs 430 should be okay. I like Indiabulls Housing. We have seen a good up move in Indiabulls Housing in the last week. This week perhaps we could see some move up and then maybe in next week we could see higher up. So target on the upside is Rs 825 and stop below Rs 750 on Indiabulls Housing should be fine, dips can be bought.”
“I have two stocks, both on the long side. I see an upmove some kind of correction, that correction got over and that is ITC. I think ITC is looking up can climb to levels closer to Rs 280 zones stop below Rs 272 should be in order. I also like L&T Finance Holdings, again here we saw some correction and that correction seems to have got over. Again a fresh upmove has started technical targets on the upside is in the vicinity of Rs 150-152 zones, stop below Rs 143 on L&T Finance should be okay.”
“Defensive bet starts with GAIL, I think it can see and climb to may be around Rs 354 zones stop below Rs 340. I would look at Lupin, it has a negative news yesterday it seems, but to me it still tells that it is going up. So I have target of around Rs 870 on Lupin stop below Rs 820 should be okay on Lupin, it is a buy.”
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