Go long in SpiceJet, Hindustan Zinc; RIL may hit Rs 1020: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Today I have selected stocks with two or three days of perspective. It can have a steady extended boom. Let's look at Reliance Industries which has formed a good base. Perhaps individual target that I have is Rs 1010 with stop loss below Rs 980 but it can climb to levels closer to Rs 1020."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"As far as Tata Steel is concerned, even here the fresh move has just started, good base around Rs 324-325 mark. So have a tight stop loss below Rs 329 and on the upside, target closer to Rs 345-348 even Rs 354 in the days to come. It has an extended move in couple of days," he said. "Bajaj Auto looks good, good base formation, closer to the zones of Rs 2,560 zones. I have a stop loss below Rs 2,570, on the upside target is closer to Rs 2,660.""Tech Mahindra has seen a good upmove and consolidation for over a month or so. It has a typical sideways zone and a good base formation as well and can climb to levels closer to Rs 560 in a day or two, keep stop loss below Rs 535.""SpiceJet has bounced from Rs 60, went up, consolidated, again went up and reacted and a fresh breakout has come in today. The target on SpiceJet is Rs 75. It may take a day or two but it is going beyond Rs 75 to maybe even Rs 80, but looks like it is going up. I would have a stop below Rs 66 and trade long.""Hindustan Zinc has good base formation which is a safe bet, targets are closer to Rs 180 and stop loss below Rs 174, trade long here as well.""I like Mahindra and Mahindra; perhaps it's a buy. The target on the upside is Rs 1,380 with a stop loss below Rs 1,355.""Page Industries is showing support around the levels of Rs 13,530, so tight stop loss is below that. If it goes up, there is a good chance that it can go up to Rs 14,000-14,250 zones."