Buy Jubilant Foodworks; CESC may test Rs 840: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like the upmove in Sun TV Network and the way it has traded from Rs 275 to Rs 400 zones. Around Rs 400-375 zone, it has traded for a consolidation and actually has given a breakout on Friday. So, it looks like it is climbing to levels of Rs 430 and a stoploss below Rs 405 should be fine."He further added, "Ajanta Pharma is also showing that it is going up from here. It looks like a bottoming-out process. It can climb to levels closer to Rs 1365, keep stoploss below Rs 1,306.""Jubilant Foodworks is also a buy. There was a massive upmove that we saw on Friday. The way it is trading, it looks like the momentum should continue, sometime we should see a pause but in the days to come, Jubilant can climb to levels closer to Rs 1,575, keep stoploss below Rs 1,495.""It looks like in CESC there is again a base formation. We have seen a good nudge on Friday. It looks like the nudge should continue and the stock can climb to levels closer to Rs 540, keep stoploss below Rs 512.""Century Textiles seen a good upmove, some kind of four days of consolidation and finally a breakout has come in. It can climb to levels closer to Rs 617, stoploss below Rs 588," he added."Reliance Power also has given a breakout after a consolidation. It was a massive move, so we could see a pause perhaps, but if there is no pause, Reliance Power can climb to levels of Rs 60, stoploss below Rs 53.50 and trade long.""I would say Reliance Jio was supposed to launch before March, 31 so I would ignore that news. It was supposed to launch, it is launching. Bharti Airtel can go to levels closer to levels closer to Rs 345, stoploss below Rs 333. Worse comes to worst, stops get triggered, but you have got to see. Trade what you see, not what you think.""Vinati Organics certainly is looking good to me purely from a slightly longer-term perspective. The target that I have is around Rs 550 zones. It may take a couple of weeks for that, a month maybe, but it looks like it is good and a very strong support in the vicinity of Rs 400, so one needs to buy dips and hold and have patience. It is absolutely a positional buy.""As far as Ramkrishna Forgings is concerned, even that is looking good to me, but I would say that it is still into a down move. Even if it does slide to around Rs 480, it can slide down there, I would say those would be buying opportunities. Structurally, it looks like it could do kind of a reaction. The reaction is not over as yet.""The best space to buy Ramkrishna Forgings, is once it crosses Rs 570 or maybe closer to Rs 450-480 zones if we get supports or buy signals around there. Until that happens, it is a risky buy, but so far it looks like it is a reactive buy.""I like Reliance Capital. It has given a good kind of a breakout. It has also given an indicative buy and looks like it should climb to levels closer to around Rs 426, stoploss loss below Rs 417.""It looks like the technology pack will do well today. It looks like it is holding out, inching forward moves. Wipro looks like it can move up from here. It has given some kind of initial signals here. The possible target on the upside could be in the vicinity of Rs 565. I would have a stoploss below Rs 555, trade long here.""Sun Pharma could be going up from here, it is at the resistance of Rs 800 zones, so if someone wants to take a long trade here can do so, but it needs to have a stoploss below Rs 792 and expect to go to maybe around Rs 808-810. If it goes there, then we will see how it reacts. Actually, it is against headwinds out there.""In Reliance Industries from a longer-term perspective, the important level to watch would be around Rs 998, Rs 1,000 being a psychological support, but as long as it stays above it, it is good. Maybe in the days to come, we could see levels closer to around Rs 1,030; Rs 1,030 is an area, that is the zone it needs to cross. So far it looks positively poised."