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    HomeNewsBusinessGo long in NTPC, short RBL Bank: Prakash Gaba

    Go long in NTPC, short RBL Bank: Prakash Gaba

    Prakash Gaba of prakashgaba.com is of the view that one can go long in NTPC and short RBL Bank.

    August 04, 2017 / 14:48 IST

    Prakash Gaba of prakashgaba.com told CNBC-TV18, "I have one long and one short. NTPC looks good. It can climb to levels closer to Rs 178 zone, keep stop loss below Rs 170."

    "RBL Bank looks weak. Maybe we will see a slide to levels closer to around Rs 500 zones, keep stop loss above Rs 520."

    "RCF has seen a good up move for a couple of days. It has seen a good up move yesterday as well. I would say today it has given a breakout. Next logical technical target because a fresh buying signal has come in now may be around Rs 115 or so. It may take its own sweet time for that, stop below Rs 98 on RCF should be fine. It should be seen from a slightly longer term perspective. I like it," he said.

    first published: Aug 4, 2017 02:39 pm

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