Short HDFC Bank, Ambuja Cements: Prakash Gaba

Name: Short HDFC Bank, Ambuja Cements: Prakash Gaba
Uploaded: 2018-02-07T14:21:10+05:30
Description: Prakash Gaba of prakashgaba.com suggests shorting HDFC Bank and Ambuja Cements.

Prakash Gaba of prakashgaba.com suggests shorting HDFC Bank and Ambuja Cements.

CNBC-TV18

February 07, 2018 / 14:27 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I have two shorts. I would go with a short on Ambuja Cements. Basically it is seeing weakness out here; it can see a slide to levels closer to Rs 247 zones, keep stop loss above Rs 255."

"A short in HDFC Bank. It looks tired, we did see some pause, down move has resumed. Target on the downside is Rs 1,840 zones, keep stop loss above Rs 1,910. So HDFC Bank is a short," he said.

CNBC-TV18

first published: Feb 7, 2018 02:21 pm

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