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 Vedanta,Tata Consultancy Services (TCS), Motherson Sumi Systems, and Power Finance Corporation (PFC).
“Motherson Sumi looks good, it can climb to around Rs 125 zones stop below Rs 120 and stock that looks weak is Power Finance, it sliding down to levels closer to Rs 125 stop above Rs 133.”
“Vedanta I like on the long side, metals are certainly looking good to me. I feel that it can climb to levels closer to around Rs 178 zone maybe Rs 180 is possible, stop below Rs 168. Stock that looks weak is TCS, more of an exhaustion than weakness. I would say that maybe we can see a slide to around Rs 2,180, stop above Rs 2,250,” he said.
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