The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Hindustan Unilever Ltd (HUL), Indian Oil Corporation (IOC), Jain Irrigation, and Reliance Capital.
“Jubilant FoodWorks is a buy with a stop of Rs 1,330 target of Rs 1,375. Tech Mahindra is a buy with a stop of Rs 760 target of Rs 795 and Yes Bank is a sell with a stop of Rs 141 target of Rs 130.”
“HUL looks like a buy, very good chance, it can climb to around Rs 1,875 zones and stop below Rs 1,833. We have all time high of HUL closer to Rs 1,870 but looks like that will go out. The structure is positive, it looks like it can go even to around Rs 1,900 plus zone. IOC is a stock that looks weak, possibly we could see a sell here, target on the downside is Rs 155, stop above Rs 164 should be okay,” he said.
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