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 Jindal Steel, United Breweries, L&T Finance, Reliance Power, Glenmark Pharmaceuticals, and Kaveri Seed.
“I like two stocks Glenmark Pharmaceuticals looks good to me, that the way it is trading looks like Glenmark Pharmaceuticals is heading to around Rs 660 zone stop below Rs 625 should be fine. I also like Kaveri Seed, that looks good, seen a good momentum three days of a down move I think it is heading to levels to Rs 550. The first target would be Rs 540 and then Rs 550 in days to come stop below Rs 500.”
“I have four stocks, two on the long side and two on the short side just to play safe. Jindal Steel looks like a buy. Possible target on the upside could be in the vicinity of Rs 157 to Rs 160 zones, stop below Rs 143. United Breweries look good to me, seen a bounce from a very strong support zone, possible target on the upside in the vicinity of Rs 1,275, stop below Rs 1,190. Two shorting ideas. L&T Finance – perhaps we can see a slowdown here. Target on the downside Rs 134, stop above Rs 142. Second shorting idea is Reliance Power – a perennial sell, looks like it is heading down to levels closer to Rs 25, stop above Rs 29,” he said.
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