SRF may slip to Rs 1300, Jet Airways may hit Rs 595: Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "SRF actually has gone up too much from the levels of Rs 1,000 to around 1,250 and then again Rs 1,400. It seems to be getting exhausted, the pattern is suggestive that it is exhausted. So, the stock has very good chance that it can slide down. Yesterday it had a 2.5 percent fall and it can slide down to levels closer to around Rs 1,300. May be take a day, two or three but Rs 1,300 seems to be on the cards, keep stop loss above Rs 1,388.""The entire aviation pack looks like ready for a hard landing. Looks like Jet Airways can slide down to a levels closer to Rs 595, keep stop loss above Rs 627. IndiGo and SpiceJet also look weak," he said."Canara Bank and Federal Bank were looking okay, it has given a breakout, so if it has given a breakout let us respect it unless you get stopped out. So, Canara Bank can climb to levels closer to Rs 220, may take a day or two for that, keep stop loss below Rs 200.""Marico is also looking good to me it has seen a good upmove constantly. So it can climb up to levels closer to Rs 267, keep stop loss below Rs 255.""Engineers India (EIL) still looks good to me. There is very good chance EIL can climb to levels closer to Rs 183; I would have a stop loss below Rs 172 and trade long." "The stock that looks weak isACC, the entire cement basket is looking a bit tired. So, ACC could be a good short, it can slide down to levels towards Rs 1,400 zone, keep stop loss above Rs 1,435."