Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

Prakash Gaba on January 28: Sell JSW Steel & Bharat Financial Inclusion

Updated : January 28, 2019 12:46 PM 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 HCL Technologies, IDFC, Jet Airways, Raymond, Maruti Suzuki, Mindtree, JSW Steel, Zee Entertainment, Larsen and Toubro, Tata Consultancy Services, JSW Steel and Bharat Financial Inclusion.

Speaking about individual stocks, Gaba said, “I have two stock both on the shorting side, Bharat Financial Inclusion looks weak and can see a slide to levels closer to around Rs 875 zones stop above Rs 940 should be okay. JSW Steel is another stock that looks weak. It is broken down possible target on the downside Rs 260 stop above Rs 270.”

He also added, “I have a buy on HCL Technologies; that certainly looks good. It can see a climb to around Rs 1,000 zones. I would have a target of Rs 990 and trade long, stop below Rs 960 should be okay. IDFC looks like a good short. It can see a slide to around Rs 38, maybe Rs 37, stop above Rs 41 should be okay. Jet Airways could have a hard landing. Slide to Rs 240 is a possibility, maybe Rs 235, stop above Rs 260 should be okay. Raymond looks weak. I think it is breaking down. Target on the downside Rs 740, stop above Rs 780.”

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

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.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV