SBI may hit Rs 210; buy Exide, Glenmark; short HUL: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "State Bank of India(SBI) is certainly looking good to me. It has been looking good; the entire pack of PSU, even last week it was been looking good to me. Last week Canara Bank went up and gave a breakout; we must respect a breakout. Today I feel that SBI can climb to levels closer to Rs 210, that is the first target. The stock can even go to levels closer to Rs 220. I would have a stop loss below Rs 194 and trade long.""Exide Industries is certainly looking good to me. The stock has seen such a good upmove of 4.5 percent the other day and looks like one could just have a stop loss at levels of Rs 140 and trade long. The targets on the upside are around Rs 148 to Rs 150; I think it is going up there," he said. "Glenmark Pharma too has given some kind of a sideways consolidation and Friday's move was encouraging. It has very good chance of climbing to levels closer to Rs 840-850 zones; I would have a stop loss below Rs 800 and trade long.""The stock that looks weakest is Hindustan Unilever (HUL). HUL has got tired in the upper regions, looks more like an exhaustion pattern. Exhaustion pattern could possibly see some more of downmove. Downside could be in the vicinity of Rs 870. If it goes down further, may be Rs 860 could be possible. Keep stop loss above Rs 895, that is quite deep but that is needed on HUL for it to short," he added. "I have a buy on Reliance Communications. The stock has given a breakout and stayed above it; Rs 56.50 is a strong support zone, that is the place I would have the stop loss. If it breaks out on the upside, target could be closer to around Rs 60. There is a little bit risk but the breakout has sustained." "Stock that looks weak is Tata Steel. It can slide down to levels closer to Rs 341. I would have a stop loss above Rs 356 and trade short."