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Prakash Gaba on December 21: Sell Ashok Leyland, Canara Bank

Updated : December 21, 2018 13:00:41 IST

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 Equitas Holdings, Divis Laboratories, ITC, Jain Irrigation Systems, Bank of Baroda, PVR, Lupin, Mahindra and Mahindra, Ashok Leyland, and Canara Bank.

Follow stock recommendations by Prakash Gaba here: https://www.cnbctv18.com/author/prakash-gaba-117/

“I have two sells here, Ashok Leyland is a sell. Good chances is can see a slide to around Rs 100 zones stop above Rs 106. Canara Bank also is looking weak a bit possible target on the downside Rs 260 stop above Rs 271."

Talking about stocks, he said, “Equitas Holdings looks good. We can see an upmove around Rs 132. Good base formation and an upmove has started, stop loss below Rs 120.”

“Divis Laboratories is also looking good. We have seen some kind of a consolidation, upmove should commence here. The target that I have is Rs 1,550-1,560 zones, stop loss below Rs 1,490 – defensive bet actually,” said Gaba.

“I like ITC. I think it has been up for a while, its continuing up. The target on the upside is Rs 288, stop loss below Rs 280,” he added.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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