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Nov 08, 2011, 10.03 AM IST
On CNBC-TV18's new show Super Six, market gurus Manas Jaiswal, Technical Analyst of Emkay Global, Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss and Nooresh Mirani, Head, AMSEC-Analyse India, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Yes Bank is continuously making higher tops and higher bottoms on the daily charts. Now after correcting 50% of the recent rally it has again started north bound journey. So, one can buy the stock at CMP with stoploss of Rs 312 and target of Rs 327.
Voltas has made a good base near Rs 95. For last 8-9 trading sessions it was trading in the range of Rs 95 and 100 but on Friday it broke this range upside with very good volumes. So I think one can buy the stock at CMP with stoploss of Rs 103 and target Rs 113.
Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss
BHEL has generated breakout of its declining trend in resistance placed on its daily charts. Besides this stock has breached and continued to trade above its 20DMA. This indicated positive momentum in the counter. Oscillators on the daily chart continue to trade with a positive bias. Traders can go long in the range of Rs 330-335 with a target of Rs 350 maintaining stop loss below Rs 320.
BF Utilities has generated a breakout of its declining trend in resistance on its daily charts. Besides this, stock has also breached and closed above its 50 DMA. Momentum oscillators on daily charts continue to trade with a positive bias. Traders can go long in the range of Rs 500-510 with a target of Rs 550, maintaining stoploss below Rs 475.
Nooresh Mirani, Head, AMSEC-Analyse India
Buy Shree Cements with a target of Rs 2150 and stoploss at Rs 1900. I would expect the stock to hit Rs 2150 in the extreme short term as well as go upto Rs 2300 in the medium term. Traders can look to buy on any dip to Rs 1950.
Buy Smartlink Network Systems . The stock has been in the range of Rs 39-44 for the last few weeks. The stock is available at 1/3rd or almost 60% discount to cash on book. This implies downside is limited into the stock and seeing the action for the last 2 days, I expect stock to move to Rs 48 in short term. Traders can keep a stoploss at Rs 41.
Tags: Manas Jaiswal, Technical Analyst of Emkay Global, Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, Nooresh Mirani, Head, AMSEC-Analyse India, Yes Bank, Voltas, BHEL, BF Utilities, Shree Cements, Smartlink Network Systems
Jun 19 2013, 16:41
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Jun 19 2013, 12:44
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