Like ACC, Dabur India; sell Infibeam on all rallies: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-Tv18, "I like two stocks, ACC looks good to me and can climb to levels closer to Rs 1,465 zones, keep stop loss below Rs 1,425." 

"Dabur India also is looking good to me. The target on the upside is Rs 280, keep stop loss below Rs 274," he said.

"When I look at the structure of Infibeam, there is some kind of tiredness in the upper regions. It has broken down at Rs 1,350 zones, there it was a sell and the way it has broken down, we might see some kind of supports emerging closer to Rs 1,000 because it has fallen so much that it could rest here and bounce back. The bounce back could go up to Rs 1,150 to Rs 1,200 zones where I feel again some kind of selling should come in. This kind of a drop I don’t think shows any strength, shows in fact a weakness. So, all rallies into Infibeam should be rought to be sold." 

"Voltas gave the first technical buy signal around Rs 390 zone. Then it had an all-time high, it just crossed that in a hurry as well and is trading above it. Voltas to my mind is into positive territory. There still seems to be upside available here, only thing is stop loss needs to be slightly deep below Rs 390. Until that happens, to my mind still it is up; we could see some sideways consolidation, some kind of time-wise correction. So far Voltas still looks good to me and maybe we could see levels closer to around Rs 440-450 zones in the days to come. Dips, I would think that also is acceptable."