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 Allahabad Bank, Apollo Tyres, Havells India, Adani Enterprises, Yes Bank, Infosys, Steel Authority of India (SAIL), Bank of India, Indiabulls Housing, TV18 Broadcast, and NCC.
“I like two stocks both on the long side one is TV18 Broadcast that looks good give a day or two we could see around maybe around Rs 38-39 zones stop below Rs 34.50 should be okay on TV18 Broadcast. I also like NCC, it has seen a good consolidation then a breakout has come in. Target on the upside Rs 92 stop below Rs 87.”
“I have picked up Allahabad Bank. That looks good to me. I think it could see an up move towards Rs 52-54 zones in the days to come, stop below Rs 57 on Allahabad Bank should be okay. I also like Apollo Tyres. It has seen some good traction, it looks like the move is just starting. Target on the upside Rs 225, stop below Rs 215. Havells is another stock that we should look at. Immediate target that I have is Rs 730. I do not think it is stopping at Rs 730, it is going to Rs 740 or maybe Rs 750 in the days to come. Stop below Rs 703 on Havells should be okay. I have a solitary sell. Adani Enterprises is an aggressive sell, more of an exhaustion pattern out here. Possibly we could see a slide to around Rs 122 zones or maybe Rs 120, stop above Rs 132,” Gaba said.
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