Go long in Hindustan Zinc, Tata Motors looks weak: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "The move that I have seen in Tata Motors from Rs 360 zone to Rs 400 zone, it looks like more of a reactive upmove, basically it has gone up but to come down. So far it looks weak to me and it can slide down to levels closer to Rs 366, stop loss above Rs 382." "Hindustan Zinc has seen some kind of a sideways move and yesterday's move is a kind of a breakout. If this breakout sustains then there is a good chance that Hindustan Zinc can climb to levels close to Rs 156. I would have a stop loss below Rs 148 and trade long," he said. "Pidilite Industries has seen good upmove for Rs 520 zone, it went up and there is a continuation upmove. It can climb to levels closer to Rs 580, keep stop loss below Rs 562." "I am bearish on pharmaceutical pack, the entire pack looks weak. Lupin in particular is looking weak and it can slide down to levels closer to Rs 1,760 zone, stop loss above Rs 1,800 should be fine or Rs 1,805 is a level I am looking at but even if I get rallies in pharma then those should be shorting opportunities," he added."I like Mindtree, in fact in the last couple of days it has seen some kind of a support emerging closer to around Rs 1,450 zone. The stock can climb to levels closer to Rs 1,500 but a tight stop loss below Rs 1,465 should be fine. It looks like good upmove is on the cards.""Tech Mahindra looks good to me. It looks like the stock can climb to levels closer to Rs 530. It has given a breakout here, keep stop loss below Rs 520.""ITC is looking weak to me and the way it is turning, it looks like it is heading down, maybe a target on the downside in the vicinity of Rs 319-318 zone. It is quite possible that it can go up. Keep stop loss at Rs 326." "I would withdraw Tata Communications because the target is achieved but still looks good for a swing trade. It can climb levels closer to Rs 475 but that may take a couple of days and stop loss would be Rs 444 and not less than that. As long as Rs 444 holds, Tata Communications can climb to levels closer to Rs 475 in few days.""Ambuja Cements is looking weak. It is a bit tired in the upper region, good chance that it can slide down to levels closer to Rs 199. It would have a stop loss above Rs 204," he said."Hindustan Unilever (HUL) is tired in the upper region, sluggish a bit and possible target on the downside is Rs 832 and stop loss is above Rs 850."