Buy RIL on dips; ICICI Bank looks good, like Kotak Bank: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I think Reliance Industries should be bought at dips and it can continue much higher. The target that I have in the medium to long term is around Rs 1,500. However, for the short-term if someone is holding it, just continue holding long as long as Rs 1,266 holds. The first target is around Rs 1,300-1,320 zones; the stock looks good to me." 

"I will go for banks, ICICI Bank certainly looks good to me and can climb to levels closer to Rs 281-282 zones, keep stop loss below Rs 276," he added."I like Kotak Mahindra Bank. Looks like it is heading to levels closer to Rs 825, keep stop loss below Rs 812." Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.