Sell NHPC; buy Idea Cellular: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "So far Exide Industries is weak and I would assume that it is down as long as Rs 128 is not taken on the upside, we must assume it is down. The target on the downside could be in the vicinity of Rs 120. Once it breaks the level of around Rs 124.50 or so, could be a further sell from here."He further added, "Structurally NHPC is still a sell. No sign of strength, we have seen a lower bottom somewhere closer to around Rs 19.50 or so. I would say a very tight stoploss about the levels of Rs 19.10, maybe we can see NHPC slide down to levels closer to Rs 18, looks like it is still a sell.""Tata Consultancy Services is a conditional buy because so far it has formed a base for the last five-six trading sessions. Once it crosses Rs 2,300-2,290 then it can climb to levels closer to Rs 2,350. I would have a stoploss below Rs 2,270, trade long if we get a breakout.""Idea Cellular looks good to me. It looks like it can go up to levels closer to around Rs 123-124 zone and stoploss below Rs 114 should be fine. It looks like a good buy."