HomeNewsBusinessStocksGo long in Dish TV, sell PTC India: Prakash Gaba

Go long in Dish TV, sell PTC India: Prakash Gaba

Prakash Gaba of prakashgaba.com recommends going long in Dish TV and advises selling PTC India.

March 30, 2016 / 10:20 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like Shriram Transport Finance Corporation, certainly it looking good to me. In fact, the last one hour bar was encouraging. I hope it climbs up to levels closer to Rs 960. Keep stop loss below Rs 916.""On the pharmaceutical pack, I chose Glenmark Pharma. The stock certainly looks to be weak. In fact, the risk reward ratio is in our favour. A very tight stop loss on Gelnmark above the levels of Rs 793 should be fine and perhaps, we can see a slide to levels closer to Rs 760," he said."I like Dish TV. In fact, it has seen an upmove yesterday after two days of downmove. So, this upmove could continue and we could see targets closer to around Rs 86 or even Rs 87 in the days to come. I would have a stop loss below Rs 81 and trade long.""PTC India, to my mind certainly is looking weak to me and I would say that the way it is trading, possible target on the downside could be in the vicinity of Rs 61, keep stop above Rs 63.50. The last one hour bar made me sell it," he added.

first published: Mar 30, 2016 10:20 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!