Buy GAIL India, sell Axis Bank; HDIL may test Rs 96: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I have two calls, one buy and one sell. GAIL India looks okay to me. It is a sideways trend. It has got its head up now. GAIL can climb to levels closer to Rs 400 zones, keep stop loss below Rs 385."

"Stock that looks weak is Axis Bank. One can go short here, reluctant short though. Keep stop loss above Rs 506 and target around Rs 496 zones," he added.

"HDIL looks good to me. The way it is trading, it looks like it can climb up from here. It is a good upmove and maybe targets around Rs 95-96 zone is a possibility. I would have a very tight stop loss below the levels of Rs 89 and trade long in HDIL. Indiabulls Real Estate was also up, but I would not trade that. That is a place we could book profits, so I am not buying there, but yes, HDIL looks better," he said.