Prakash Gaba of prakashgaba.com told CNBC-TV18, "Ashok Leyland certainly is looking good to me. I like the basic structure of the stock, Rs 90 is a strong support zone to work with. So, when I look at the supports of last three trading sessions till this week I guess it could hold here. The target I have is on Rs 95, I think it is going up, so stop loss is at Rs 90.""I have been liking TV18 Broadcast since the levels of Rs 36 or Rs 38. It has been closer to around Rs 49 zone, can climb back to Rs 49.50 zone. I think it is heading towards that. I like the structure and the way it has moved up. Sometimes it goes into expansion mode and sometimes pauses. So, I would have a stop loss below Rs 45-50 and trade long. Even if you do get dips, I think those are buying opportunities on TV18," he said. Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.
"Divis Laboratories looks weak to me. Psychologically, the entire pharmaceutical pack is looking weak. It can slide down to levels closer to around Rs 1,000 zones, stop loss is above Rs 1,115 or Rs 1,120.""Oil India is also looking weak, it can slide down to levels closer to Rs 368, keep stop loss above Rs 385. I think it should continue to go down." "Among the banks, I am looking at either Bank of India (BOI) or Union Bank. Both are looking weak, so Union Bank can actually slide down to levels closer to Rs 125. It has broken with a gap down yesterday. So I would have a stop loss above Rs 135 and trade short in Union Bank.""Basically the capital goods names are looking weak to me. However, what we are seeing is upside if there is any, is more of a reactive upmove. The larger trade is down. It is like trying to fish bottom so I would really avoid it."
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