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 Century Textiles and Industries, Escorts, ITC, Mahindra and Mahindra (M&M), Raymond, Jindal Steel and Power (JSPL), ICICI Prudential Life Insurance, and L&T Finance Holdings.
“I have two stocks I will go with ICICI Prudential Life Insurance that certainly looks good to me and we can see a move to Rs 360 zones that is a possibility stop below Rs 330 should be fine. I also like L&T Finance Holdings that is heading up. We saw some kind of a pause yesterday and looks like the up move should continue target Rs 150 stop below Rs 140.”
“I will start with Century Textiles, that is certainly looking good to me. It can climb to around Rs 890 zones, stop below Rs 837. I also like Escorts. It is looking good, target on the upside Rs 750, stop below Rs 720. ITC is one stock that showed some traction yesterday. Target on the upside, Rs 295-300 zones, stop below Rs 287 and finally M&M, a good consolidation and a breakout happened yesterday. I think the momentum should continue up here, target on the upside Rs 700, stop below Rs 654,” he said.
“I have one long and one short. Raymond looks like a buy to me. Target on the upside is in the vicinity of Rs 850 zone stop would be below Rs 800. Jindal Steel and Power (JSPL) is a sell to me. It can see a slide to around Rs 155 zones stop above Rs 166 should be okay.”
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