Tata Power looks good, can climb to Rs 79: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Tata Power is looking good to me. It has seen good upmove yesterday of 2.5 percent but seen a good support around the regions of Rs 73. So the stock can climb to levels closer to around Rs 79. It can go even to Rs 80 zones."He further added, "I like Larsen and Toubro (L&T). It has seen a good upmove in the last trading hour yesterday and looks like the way the stock is going, target of Rs 1,540 is on the cards, keep stop loss below Rs 1,494.""The capital goods space was looking good and Siemens had a massive move yesterday of 4 percent. It has given a breakout in the bargain. A twice breakout at Rs 1,230 zone. So the stock can climb to levels closer to Rs 1,282, stop loss below Rs 1,235 should be fine.""Tata Global Beverage looks good to me. It has seen a good upmove, a consolidation of two months and finally a massive breakout of around 4 percent after a good consolidation. Looks like it should take some time, maybe target around Rs 135 or so. It looks like it might take few days for that, Rs 135 is on cards, keep stop loss below Rs 120.""Reliance Industries looks good to me. It can climb to levels closer to Rs 968, keep stop loss below Rs 957," he said."The mainline stock is State Bank of India (SBI). There is good upmove, two days of consolidation and looks like it can climb up to levels closer to Rs 218 and keep stop loss below Rs 207."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.