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 NIIT Technologies, Ashok Leyland, Indian Oil Corporation (IOC), and Union Bank of India.
“I have two stocks both on the short side Indian Oil looks weak. It can see a slide to around Rs 145 zones Rs 144 is possible stop above Rs 153. Union Bank again looks weak to me possible target on the downside is Rs 84 stop above Rs 91.”
“NIIT Tech looks good, possible target on the upside is Rs 1,340, stop below Rs 1,300. Stocks that look weak is Ashok Leyland. A slide to Rs 90-88 is a possibility, stop above Rs 95. Structure is positive but a slide is possible in Ashok Leyland,” he said.
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