Godrej Cons defensive buy, HCL tech may move up: Prakash Gaba

Prakash Gaba, Technical Analyst at prakashgaba.com told CNBC-TV18, "Glenmark Pharma was showing some kind of a support in the lower regions and still it is looking okay to me. I have a very tight stop loss at Rs 850 and perhaps we can see levels closer to Rs 900. It shows that it still needs a breakout. The safer place to buy Glenmark would be once it crosses Rs 875 or Rs 876 zones.""Even in Sun Pharmaceutical Industries looks like the down move that we have seen is behind to us in sideways zone so perhaps upmove is on. We have a very tight stop loss on Sun Pharma at around Rs 785 or Rs 795 also would do fine. If it goes up then we could see levels closer to Rs 815. A nudge-up is expected and perhaps we could get one," he said."Godrej Consumer Products is more of a defensive buy. It may show some kind of resilience on the down side which is expected to be the either side with or upside. Very tight stop loss on Godrej Consumers around Rs 1,250 should be okay. On the upside target is closer to Rs 1,320.""HCL Tech saw some kind of a short covering in the yesterday’s evening sessions, looks like it can go up. Again a very tight stop loss below Rs 815 should be just fine and target on the upside could be in the vicinity of Rs 845."