Go long in Arvind; ONGC may test Rs 240: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "In Arvind there is no sign of weakness as yet. In fact, when the stock makes a new high, we normally say why put a ceiling on it. So, it demonstrates strength, I must say it certainly is looking good to me and can climb to levels closer to Rs 338, put a stoploss below Rs 323 and trade long.""I like Bata India. It looks like a good base formation, it needs a breakout, but looks like a breakout could come here. The stock can climb to levels closer to around Rs 510 in a day or two. Put a stoploss below Rs 493.""Oil and Natural Gas Corporation (ONGC) is showing some kind of resilience on the downside. It says that that I am refusing to go down. So, it gives a feeling that either a sideways move or an uptrend is possible, so I would assume it is up. The stock can climb to levels closer to around Rs 235 zone, maybe Rs 240 is possible if it goes to Rs 235, stoploss below Rs 226.""Castrol India looks good to me, it has given a breakout yesterday, sustained above it and closed above it. It can climb to levels of Rs 451, stoploss below Rs 436.""Sun Pharmaceutical is looking good today, but it can climb to around Rs 810 or so. But, I would say that that is some kind of a resistance, once it crosses Rs 810, then there is much more upside, but I think would be slightly cautious in the upper yield, so it looks up to me," he said."Bajaj Finance is looking good to me, trading at an all-time high. When a stock trades at an all-time high, I say why put a ceiling on it. So, it is continuing a long, buy dips, as long as we have a level of around Rs 5,700, quite deep. As long as that holds, upside is on. Where does it go from here, maybe beyond Rs 6,000."