Go long in Dish TV; pick Godrej Ind, Adani Ports: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "The move that we have seen for the last four trading session looks like the reactive upmove. Reactive upmove means it has gone up to come down. So I think that downmove should resume in Tata Motors. We have a stiff resistance at Rs 384, that is the place I would have a stoploss, possible target on the downside is it could slide down to the levels of Rs 364."He further added, "Adani Ports and Special Economic Zone can go up from here. It has given a minor breakout but as long as the minor breakout sustains, it can climb to levels closer to Rs 267 and stoploss is below Rs 257.""Dish TV was showing some kind of bearish sign which it reverted and turned around. So basically that is a sign of positive. I think the next technical target purely from a psychological resistance zone is around Rs 100 and so on but once it causes Rs 100, it can go even higher to Rs 105. So Dish TV looks good to me. Stoploss would be Rs 96. That is the place I would have a stoploss and trade long. Maybe we could have a sideways move but those looks like could be a buying opportunities on Dish TV.""In Godrej Industries the downward move has got exhausted, so some kind of support building around Rs 360 zone, upmove started, sustained its upmove and it can climb to levels of Rs 385-390 zone. That is the level I am looking at, stoploss is below Rs 370.""IT stocks look under pressure as well I would say that. In fact, if someone has to short it, one could short, think of shorting perhaps Tech Mahindra, that could slide down to levels closer to around Rs 510 but I would be slightly cautious because it is still not very clear as far as IT is concerned.""Bank Nifty has shown some kind of resilience. Looks like it can climb up, only thing is that the confirmation has not come up. When I look at the ICICI Bank, aggressively we could buy ICICI Bank. I would have a stoploss below Rs 249 and trade long and then expect a breakout. Looks like a breakout would come at Rs 255 zone. Once that happens, ICICI Bank can climb to levels closer to around Rs 263-265. So there is a good chance we can go up, it is an aggressive trade here.""IDBI Bank is climbing to levels close to around Rs 95 zone or even higher than that. I would put a stoploss below at Rs 90. Trade long, it looks good.""Go long in Adani Power. The first technical target that I have is Rs 29, maybe extended to around Rs 30 zone. It looks good, it can climb up and stoploss is below Rs 28.""Power Grid looks good to me. It has seen a good upmove. It is holding out there. I would have a stoploss below Rs 135. On the upside the target could be in the vicinity of Rs 139. I don’t think Rs 140 could be possible but looks like Rs 139 is possible.""I like Shriram Transport. The way it has broken out today, it gives you a feeling that it can climb to levels close to Rs 840. That is the first target but I think it is going to levels closer to around Rs 850. There is a good upmove available in Shriram Transport. Stoploss is below Rs 817."