Buy Pidilite; short GAIL India, Axis Bank looks weak: Gaba

Prakash Gabaof prakashgaba.com told CNBC-TV18, "Paints are a good place to hide. I like it because the move was good yesterday and the risk reward ratio is in our favour if we take a trade on the long side. So, Asian Paints can climb to levels closer to around Rs 910. A very tight stop below Rs 877 should be just fine.""Axis Bank still looks weak to me. Possible target on the downside could be in the vicinity of about Rs 370 or so. Quite a deep cut is available there and keep a tight stop loss above Rs 400 which makes a better trade on the short side purely from a risk reward ratio," he said."Colgate Palmolive has been seeing good strength closer to Rs 900 zones. Now, it is trading closer to Rs 945 and still it can climb up to levels closer to Rs 965. Keep stop loss below Rs 935.""I like the move in Pidilite Industries that we have seen for the last couple of days. It is holding now. So, in Pidilite you could have a stop loss below Rs 553 and trade long. The possible target on the upside could be in the vicinity of Rs 598-570.""GAIL India is slowly drifting down. Now, it is at a place where it can actually crack or just stay here. So, risk reward ratio is in our favour. Short, target on the downside could be in the vicinity of Rs 340 and a very tight stop loss above Rs 363," he added."It looks like the move that we have seen in Maruti Suzuki today in the first half is encouraging. Maruti could climb to levels closer to around Rs 4,450. It may take two or three days, but it looks like it is heading up there. Stop loss below Rs 4,260 should be fine.""I like Pidilite Industries. I would just modify the stop loss to below Rs 558. Earlier my stop was Rs 553. It still looks good to me and can climb to levels closer to Rs 568 plus zones.""Actually, Adani Power has given just an initial move. Target could be in the vicinity of Rs 32.50-33 zones, and a tight stop loss below Rs 31. The risk reward ratio is certainly in favour of Adani on the long side."