The latest analysis and commentary by stock market guru Prakash Gaba of prakashgaba.com on what is moving the markets today.
According to Gaba, the crucial levels to watch would be 10,400. He believes that the markets are stretched already and it can get more stretched. He expects Nifty to climb to 10,560.
On Bank Nifty, Gaba says he is not very comfortable with it. He said that as long as 25,000 holds on Bank Nifty, it is fine.
Check out his top stock recommendations.
Hindustan Unilever (HUL) is a buy with a stop of Rs 1,405 and target of Rs 1,435.
Ramco Cement is a buy with a stop of Rs 820 and target of Rs 850.
Voltas is a buy with a stop of Rs 630 and target of Rs 650.
Max Financial Services is a sell with a stop of Rs 453 and target of Rs 433-440.