Buy Castrol; HCL Tech may hit Rs 795, Dr Reddy's Rs 2900: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "HCL Techstill looks weak in the upper regions around Rs 850, the classical short-term sell, so it gives a feeling that the stock can slide down further, targets I have on the downside is around Rs 795, stop loss above Rs 820 which is quite deep but that is what is needed. I think it is headed closer to around Rs 795, even below around Rs 790.""The entire pharmaceutical pack was looking weak yesterday. So I just happened to choose Dr Reddy's Labs, it has broken a very important support at levels closer to Rs 3,050 and has given a sell here. That is the place I would have a stop loss. Targets on the downside possibly is at Rs 2,950 but if it slides further, it can even go to Rs 2,900-2,925 zone. There is weakness in DRL as well," he said."Tata Steel is more of an exhaustion pattern and it went up from the levels of Rs 215 to Rs 265, it got exhausted and looks like the stock should fall by its own weight. It has also given a sell kind of a breakdown there and can slide down to levels closer to Rs 242, keep stop loss above Rs 253.""Castrol is a buy because in F&O expiry maybe some kind of a reaction comes in. The risk ratio is better and here I would have a stop loss somewhere below Rs 406, very tight stop loss on the upside the target would be Rs 416.""Hero Motocorp is down, it looks weak to me, the stock can slide down to levels closer to Rs 2,550. I would have a stop loss above Rs 2,622 and trade short>""Ajanta Pharma looks good to me, it has seen a good breakout and as long as we have a level of Rs 1,345 and that holds, upside to around Rs 1,380 is on. So these two stocks look good to me. I could consider even Adani Ports is looking weak, it can slide down to levels closer to around Rs 192-193 zones. I would have a stop loss somewhere above the levels of Rs 202 and trade short."