L&T, Fortis Healthcare, Jain Irrigation look weak: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that stocks like L&T, Fortis Healthcare and Jain Irrigation look weak.

June 30, 2017 / 11:04 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Fortis Healthcare is certainly looking weak. In the entire month that we have seen a fall like this, perhaps we can see a slide to maybe around Rs 150 zones. Any bounces that we may get, I think that would be shorting opportunity."

"As far as Interglobe Aviation is concerned, I would say that it has shown first sign of fatigue out there, there is a support around Rs 1,200 zones. As long as that holds, I think it would still be okay," he said.

"Larsen and Toubro (L&T) looks weak. It can slide down to levels closer to around Rs 1,650 zones, stop loss above Rs 1,700 should be fine."

"Jain Irrigation is a stock that looks weak to me. It can slide down to levels closer to Rs 99, keep stop losss above Rs 102."

first published: Jun 30, 2017 09:45 am

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