Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like Bajaj Finance, it is looking good to me. The upmove is still on, structure is positive and the upmove is more of an impulse move. So, the target that I have in the near-term vicinity is Rs 6,100. I would not be surprised if it goes to Rs 6,200 as well. Have a stop loss at Rs 5,900. Trade long in it.""Mindtree seems to be inching forward, so far it looks good to me, the way it is trading. The first technical target that I have is around Rs 1,523. It has found a good support around Rs 1,474 zones. That is the place I would have a stop loss. But, if you extend the timeframe on Mindtree, it can even go beyond Rs 1,523 to maybe around Rs 1,540 zones, but it will take a week or so for that," he said."Petronet LNG seems to be a safer short. The way it has traded in the last one hour, it was kind of bad for it. So, it can slide to levels closer to Rs 240. That is quite deep and I had a stop loss at Rs 250.""I think Century Textiles is a slightly reluctant short, because when I look at the structure, it gives me the feeling that it is sluggish. The stock should slide down to levels closer to Rs 505 and the stop loss should be Rs 526. But, when I look at the structure, if it crosses Rs 525-526, then it becomes a good buy. So, it is a reluctant short out here."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
