Buy Bharat Forge & Exide, says stock expert Prakash Gaba

"Federal Bank, the way it is trading, looks like we can say a move to around Rs 100 zones, stop below Rs 95 should be fine. I also like among the metal pack, Steel Authority of India (SAIL). Looks like SAIL is going up for a target of around Rs 58.50-59 zones, stop below Rs 56 should be fine," he added.

“ITC, the good old ITC certainly looking good to me. It is heading to levels closer to Rs 310 to Rs 312 zones, stop below Rs 304 should be fine or Rs 305 should be okay for ITC. I like Power Grid as well, when I look at Power Grid it tells me that upmove has just started. Possible target on the upside Rs 198-200 zones. Stop below Rs 190,” Gaba said.

“I like Maruti Suzuki, Rs 6,900 is the target, Rs 6,650 is the stop loss. Maruti can even climb to Rs 7,000 I would say in the couple of days. I like Reliance Industries showing some kind of attraction, possible target Rs 1,430 stop below Rs 1,405,” he added.

“I have two stocks on the long side, Ashok Leyland looks good, looks like there is a good short covering happening here. Good place to bounce if it has to target on the upside Rs 95 stop below Rs 89. Jubilant FoodWorks, looks like a base formation we could see levels closer to Rs 1,380 to 1,400 zones stop below Rs 1,325. Two shorting ideas Bharat Financial looks weak and we could see a level closer to Rs 950 broken a very important level of Rs 1,000 stop above Rs 990 on Bharat Financial should be fine. The stock structurally that looks weak to me is Indiabulls Housing Finance. If it cracks, my target is Rs 650 first stop above Rs 704," Gaba added.

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