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 Bajaj Finance, Dish TV, Jubilant FoodWorks, Vodafone Idea, Sun Pharmaceutical, Tata Steel, L&T Infotech, Merck .

Speaking about stocks ideas Prakash Gaba said, "I like L&T Infotech. It looks like the way it is trading, good breakout, good momentum, I think it is climbing to around Rs 1,850 zones. It may take a day or two for that, stop below Rs 1,735 on L&T Infotech should be fine. I also happen to like Merck. It is again trading at all-time high, perhaps the next technical target is around Rs 4,500 zones, stop below Rs 4,200 should be okay. It may again take a day or two for this."

“Two stocks both on the short side. Sun Pharmaceutical is looking weak it heading to levels closer to Rs 375 will it stop there I don’t know maybe Rs 365 possible. Who knows where it is going, it is looking weak stop above Rs 412 should be okay. Tata Steel is another stock that needs to be watched into Tata Steel looks like it is heading down and we could see lower levels in the days to come possibly Rs 450 stop above Rs 465.”

“Bajaj Finance good base formation, it can climb to Rs 3,100 zones stop below Rs 2,950. Jubilant FoodWorks also is perhaps showing initial signs that it could have an up move here. If it happens target on the upside Rs 1,280 stop below Rs 1,200. Two stocks are weak Dish TV looks weak, the way it is cracking down it could slide to levels closer to Rs 23 zones in the days to come. Stop above Rs 31. Idea doesn’t seem to be a good idea looks weak heading to Rs 10 zones or maybe lower top above Rs 14.”

Follow stock recommendations by Prakash Gaba here:

https://www.cnbctv18.com/author/prakash-gaba-117/

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First Published:May 16, 2019 8:53 AM IST