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Buy HDFC between Rs 1320-1340: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one may buy Housing Development Finance Corporation between Rs 1320-1340.

March 07, 2017 / 11:32 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Housing Development Finance Corporation (HDFC) is sliding down to levels closer to Rs 1,340. If I have to buy, I would perhaps buy between Rs 1,320 and Rs 1,340.""As far as HDFC Bank is concerned, that chart looks okay to me. It is closer to very strong support of Rs 1,360. The stock seems to be a better buy here. One can buy it above Rs 1,400 or if it dips to Rs 1,360. Looks like it is heading up to levels closer to Rs 1,440 zone.""I see better levels on Yes Bank. We have seen a good upmove and a consolidation for over a month. Dips are important here, Rs 1,425 is a very strong support zone, it is a matter of time. It is heading to levels closer to Rs 1,500 then Rs 1,550. It maybe higher, but looks like we don’t need a breakout here. If breakout comes, it is better. It is slowly gliding up," he said.

first published: Mar 7, 2017 11:32 am

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