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Prakash Gaba on March 19: Buy ONGC & sell Larsen & Toubro

Updated : March 19, 2019 10:47 AM IST

The latest analysis and commentary by stock market guru Prakash Gaba on what is moving the markets today.

He shared his views and readings on Axis Bank, Bank of India, Bharti Infratel, JSW Steel, ONGC, Larsen & Toubro (L&T).

“I have one long and one short ONGC is a buy. It is heading to levels closer to Rs 170 zones stop below Rs 155 should be okay. A sell on Larsen & Toubro (L&T), looks like it has got exhausted Mindtree problems coming on their way. Possible target on the downside is Rs 1,325 stop above Rs 1,375.”

Talking about stocks, he said, “I have two buy on banks. Axis Bank looking good. Good buying that we saw yesterday. Target on the upside Rs 775 stop below Rs 740. Bank of India good buy again, target is closer to around Rs 100 zones stop below Rs 93. I like Bharti Infratel, there also I saw some good buying yesterday this could propel the stock maybe to around Rs 330 zone because there is a very strong support at the vicinity of Rs 310 as long as it holds Rs 330 is possible. Finally, I like JSW Steel, Tata Steel or even SAIL. I have picked up JSW Steel it is heading to levels closer to Rs 308 stop below Rs 287.”

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.
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