Buy Kotak Bank on dips; short Amara Raja, Apollo Tyres: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Kotak Mahindra Bank in the morning was showing some signs of strength, it still is up, no doubt about it, so one could have a stop loss below Rs 820 and continue long. Exit, maybe around Rs 840-835 zone. There is a trading opportunity available here. It looks okay to me because it is in the upper end of the range. When you look at the product, the trend still is up. So, dips could be bought, buying opportunities in Kotak.""I like two stocks and both on the shorting side, Amara Raja Batteries looks weak to me and can slide to levels closer to Rs 815, keep stop loss above Rs 840, may take a day. Apollo Tyres is another stock that looks weak to me, possible target on the downside is Rs 176-175 zone, keep stop loss above Rs 182," he added.