On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, vibranttrades.com, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.
Manas Jaiswal, manasjaiswal.com
For last seven-eight trading sessions Housing Development and Infrastructure Ltd (HDIL) was trading in the range of Rs 67-72 but now it has broken this range downside with higher volumes. So we may see further downside. Stock can test Rs 60 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 69.
Tata Communication is making lower tops and lower bottoms on daily charts and now it has broken the support of Rs 223 so we may see further downside. Stock can test Rs 210 in next two-three trading sessions. One can go short at current levels with a stop loss of Rs 228.
Rajeev Agarwal, dynamixresearch.in
Sell Sun TV Network. On Thursday it has beaten its strong support of Rs 435 and now giving pullback towards that level. So, one can sell it here and any pullbacks towards Rs 435 with closing stop loss above Rs 452. My target is around Rs 406-376 in short-term.
Sell Mahindra and Mahindra (M&M). After strong fall it is now showing now bear flag pattern on charts, so one can sell it here in the range of Rs 900-905 with closing stop loss above Rs 932. My initial target is Rs 865 and next target is Rs 835 in short-term.
Vikrant Jadeja, vibranttrades.com
Daily chart structure and early chart structure intraday of last few sessions suggest that some kind of bearishness may emerge in Oil and Natural Gas Corporation (ONGC) in coming sessions. And we may see some kind of lower levels. Sell ONGC February Futures around Rs 317-319 with a stop loss of Rs 322.50 and expect a target of Rs 308-305 in next two-three trading sessions.
Hero Motocorp has given a breakout from a consolidation range of 50 points after almost 10 days which indicates that further higher levels can be seen in this counter. Also derivate data suggests that some kind of fresh long positions has been seen in last trading sessions. Buy Hero Motocorp February Futures around Rs 1700-1705 with closing stop loss of Rs 1675 expect a target of Rs 1745-1750 in next two-three trading sessions.