The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today.
He also spoke at length on Indiabulls Housing Finance, Torrent Power, PVR, Zee Entertainment, Hexaware, Tech Mahindra, Interglobe Aviation, Vedanta.
Stock specific, Gaba said, "I like two stocks, both on the long side. One needs to be stock specific. Technology is the bet. Hexaware is certainly looks good to me. On the upside, we have a target of Rs 362, I would have a stop below Rs 347 on Hexaware, trade long. I would also look at Tech Mahindra; that certainly looks good to me. Tech Mahindra can climb to levels closer to around Rs 840 zones, stop below Rs 823 should be okay."
"PVR certainly looks good to me. I think the way it is trading, looks like it is heading to levels closer to around Rs 1,800 zones. Target on the upside Rs 1,800 and stop below Rs 1,742. I also like Zee Entertainment. Looks like it is heading to levels closer to Rs 438-440 zones, stop below 418 should be fine on Zee Entertainment," he added.
“Indiabulls Housing Finance looks weak to me, today we have seen some massive selling out here. Possible Indiabulls Housing can see a slide to maybe around Rs 650 zones stop above Rs 720 should be fine. Torrent Power is also looking weak, massive seeing seen here as well. Possible target on the downside is Rs 240 stop above Rs 252,” he added.
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