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 Coal India, and Indiabulls Housing, Divi's Laboratories, and Interglobe Aviation.
Speaking about individual stocks, Gaba said, “I like Divi's Laboratories on the long side, looks good Divi's Laboratories can climb to levels closer to Rs 1,480 to Rs 1,500 zones. Stop below Rs 1,425 on Divi's Laboratories should be fine. Stock that look weak I think is Interglobe Aviation, even after aviation price fuel cut it is down and is heading down to levels closer to Rs 950 zone stop above Rs 1015 on Interglobe Aviation should be a good sell.”
“Coal India is certainly looking good. I like the move, perhaps technical target on the upside is in the vicinity of Rs 255-260 zones, stop below Rs 245. The first target is Rs 255. I also like Indiabulls Housing. It has seen a good consolidation, today’s move is encouraging. Possible target on the upside in the vicinity of Rs 780 zones. It is a matter of time, it is going there. Stop below Rs 720 should be okay on Indiabulls Housing. It is a play for a day or two.”
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