Ashok Leyland may test Rs 113, SBI Rs 210: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Ashok Leyland is looking good. The correction that we saw from Rs 115 to Rs 95 got over and a fresh upmove has started. There is a good strong base formation around Rs 105 zone. So, the stock can climb to levels around Rs 113. It's the first target but beyond that to Rs 115 as well and stop loss below Rs 105 should be fine." "The entire banking pack, particularly public sector undertaking (PSU) has given a continuation pattern on the upside. So, I have chosen State Bank of India. It is certainly looking good, keep stop loss below Rs 198 and target on the upside is closer to Rs 210. I think it will go to Rs 220 as well but it may take some time for that but looks like SBI is in a bull grip," he said."The banks are going up and looks like the way the banks are trading, the possible target on the upside for Bank of Baroda could be in the vicinity of Rs 148 to Rs 152. It may take a day or two or three for that but looks like there is a good base formation closer to Rs 138 and stop loss should be below Rs 138." "I also like Just Dial. The stock has formed a base, has given a breakout and the breakout should take it to levels perhaps closer to around Rs 713. Have a stop loss below Rs 660 on Just Dial and trade long.""I think there is more upside in Tata Motors DVR because given the breakout a massive gap up open from Rs 280 to Rs 300 and has stayed above Rs 305-306. So technically upside is still on but the only thing is where to buy. If you get a dip closer to Rs 304-305 then those are buying opportunities from medium-term perspective and hold on maybe we will see levels closer to Rs 350 in days to come. So upmove is on but need to buy the dips and that's important. If you want, enter here a bit and if it dips more, add more but the risk is a bit too high but 300 bps seems to be a strong support zone on Tata Motors DVR."