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 Equitas Holdings, Repco Home Finance, Reliance Industries and Ujjivan Financial Services.
“I have two shorting ideas I will go with Reliance Industries, looks weak to me. Target on the downside is Rs 1,237 stop about Rs 1,272 should be fine. I have a sell on Ujjivan Financial Services, looks weak to me. Can see a slide to around Rs 240 zones stop about Rs 265.”
“Equitas is certainly looking weak, can slide to around Rs 100 zone it is a matter of time, stop above Rs 113 should be fine. Repco Home Finance is looking weak. It has broken down, looks like Repoco Home Finance can slide to around Rs 340 zones, stop above Rs 380, even lower is possible in Repco Home, it looks certainly weak,” he said.
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