Prefer HDFC, Ashok Leyland: Prakash Gaba

Name: Prefer HDFC, Ashok Leyland: Prakash Gaba
Uploaded: 2017-09-28T14:59:12+05:30
Description: Prakash Gaba of prakashgaba.com is of the view that one may prefer IndusInd Bank, HDFC and Ashok Leyland.

Prakash Gaba of prakashgaba.com is of the view that one may prefer IndusInd Bank, HDFC and Ashok Leyland.

September 28, 2017 / 14:59 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "So far Nifty looks weak. What I feel is that there could be some kind of a correction coming in. This place that we are seeing today is a good place to bounce if it has to, but so far, it has not bounced. Now if it continues down, where does it bounce from? The levels that I have is 9,596, that is the first level that I have. If it bounces from there, fine, if not, at 9,532. I have a feeling we can see a slide to maybe 9,532 if today's low gets taken out day after tomorrow or so. So that is the place to buy, not now."

"In case you are thinking of buying, buy some A-quality stocks like HDFC, IndusInd Bank, Ashok Leyland. These are the stocks to buy and hold for long-term," he added.

first published: Sep 28, 2017 02:59 pm

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