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Sell Britannia Industries, Bharti Infratel, Hindustan Unilever: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one can sell Britannia Industries, Bharti Infratel and Hindustan Unilever.

February 05, 2018 / 14:25 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Britannia Industries is still weak. It is still typically sideways zone, there is selling pressure. Possible target on the downside could be Rs 4,450 in the short term. It is purely a trading play out here, it looks certainly weak to me and is trading on the lower side of the trade."

"Bharti Infratel looks weak to me. There is a very good chance that the stock can see a slide to maybe around Rs 320 zones. Keep loss stop above Rs 344, just Rs 2, but that is what is needed."

"Hindustan Unilever (HUL) is another stock that looks weak to me. There is very good chance that we can see a slide to levels closer to Rs 1,325. It is cracking, stop lloss above Rs 1,360 on HUL should be fine," he said.

"Tata Motors looks good to me, looks like it can climb to a levels closer to Rs 403 zones, keep stop loss below Rs 395."

"Larsen & Toubro (L&T) looks weak to me, a very good short here. The stock can slide to levels closer to Rs 1,356 zones, keep stop loss above Rs 1,386," he added.

CNBC-TV18
first published: Feb 5, 2018 11:47 am

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