HT Media, Marico look good; short Dish TV: Prakash Gaba

Name: HT Media, Marico look good; short Dish TV: Prakash Gaba
Uploaded: 2017-05-10T14:56:47+05:30
Description: Prakash Gaba of prakashgaba.com is of the view that HT Media and Marico look good while one can short Dish TV.

Prakash Gaba of prakashgaba.com is of the view that HT Media and Marico look good while one can short Dish TV.

May 10, 2017 / 14:59 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "HT Media looks good to me. The way it is trading, looks like it can climb to levels closer to around Rs 86 zones. It may take a day or two or three for that matter, but looks like Rs 83 should be a tight stop here."

"Marico is looking good as well. The stock can climb to levels closer to Rs 324-330 zones. It may take some time for that, keep stop loss below Rs 308," he added.

"Dish TV has a trade on the short side; Rs 94 was a crucial support, it broke down. I think yesterday it gave initial signs that it is breaking down and I think we can see a slide to around Rs 90 zones or maybe Rs 88. There is a good possibility that it can slide down to Rs 88 but Rs 88 seems to be a strong support zone for Dish TV. Hope it survives there."

first published: May 10, 2017 02:56 pm

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