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 Axis Bank, Hero Motocorp and Escorts.
“Axis is showing some kind of a traction this morning and looks like it is a buy. I would say that only thing is have a stop somewhere closer to below Rs 707 and let it go. If it runs, Rs 740 would be the tough target. I have a feeling that Bank Nifty is trying to consolidate, maybe a dip could be a buying opportunity, may be we can see an upmove so Axis would certainly benefit,” he said.
“Hero Motocorp has seen a good upmove on the day of the budget, looks like some kind of a consolidation is going on, upmove to around Rs 3,000 is still on, stop below Rs 2,700 should be fine, a good upmove is possible in Hero. I also like Escorts. It has seen some good traction this morning, looks like target on the upside is in the vicinity of around Rs 700 zones, stop below Rs 675 should be okay,” he added.
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