NIFTY 50

Prakash Gaba on January 3: Buy BEL, BEML & sell Bharat Forge, Tata Motors

Updated : January 03, 2019 10:40 AM 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 Bharat Electronics (BEL), BEML, Bharat Forge and Tata Motors.

“I will start with BEL, it looks good, good base formation, upmove started yesterday, target on the upside in the vicinity of Rs 92, stop below Rs 87. BEML as well has seen a good upmove right upto Rs 700 zones, into a consolidation, fresh upmove started yesterday, target on the upside Rs 950, stop below Rs 910. I have a sell on Bharat Forge, looks weak, looks like the correction is over on the upside, downmove is starting again, target on the downside Rs 480, stop above Rs 510 and Tata Motors – always a short, looks like it is heading down to levels closer to Rs 162 zones, stop above Rs 171," he said.

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