Short HPCL, Tata Steel may hit Rs 240; buy Apollo Hospital: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "HPCL looks a bit sluggish, the sluggishness tells me that maybe it can slide down to maybe around levels closer to Rs 790. I would have a stop above Rs 817. It has actually just given initial sell here, so, possibly with stop loss above Rs 817 trade short." "Tata Steel looks sluggish. It did try to go up yesterday but it could not and so the stock can slide down to levels closer to Rs 240 zones, keep stop loss above Rs 255," he said."I certainly like Ambuja Cements because the stock has given a breakout yesterday. It showed some kind of selling pressure but again it moved up towards the end. I think it should climb up to levels closer to Rs 204; that is the original target, stop loss is below Rs 198." "I also like Apollo Hospitals. I have seen a good impulse move in last couple of days and also in the process it has given a breakout and sustained above it. So, I think it is climbing to levels closer to about Rs 1,530 zones. I would have a stop loss below Rs 1,478 and trade long. If I want to have tighter stop loss then I could have a tighter stop loss below Rs 1,493. However, still the stock looks good to me," he added."The downside in Tech Mahindra is limited because the only thing is that it is still down. How much on the downside it goes is difficult to say but it can slide down to levels closer to Rs 482. However, looks like if it starts to climb to Rs 520 or cross Rs 520, next week or so, then that will be the first sign of buy for slightly longer term duration. Looks sluggish for the downside but it could slide down." "Looks like there are some stocks that are looking okay to me. I would look at Bharti Airtel, it perhaps can go up. The stock has given an initial buy and can climb to levels closer to Rs 303, keep stop loss below Rs 296.""I also like Dish TV. It looks like the stock is holding out, so that is a very good chance that Dish TV could climb up. It is a very aggressive trade, it can climb to levels closer to Rs 93 zones, keep stop loss below Rs 89," he added. "Finally, I also like Havells India. The stock has given some kind of an initial signal, a kind of a breakout has come in and Havells can climb to levels closer to around Rs 311-312 levels, stop loss is below Rs 304."