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Apr 28, 2012, 12.28 PM IST
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Arunesh Madan of Augment Investment and Shardul Kulkarni, Angel Broking, 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 Yesterday after taking support near to Rs 50 Essar Oil bounced back sharply and closed strong. On the daily chart oscillators are showing positive crossover so we may see further recovery and the stock can test Rs 59 in 4-5 trading sessions. One can buy the stock at current levels with a stop loss of Rs 50. After a 4 days fall yesterday Praj Industries took support and bounced back sharply. On the daily chart it made a piercing pattern which is a bullish sign and oscillators are showing positive crossover. So we may see further recovery and the stock can test Rs 75 in 3-4 working days. One can buy the stock at current levels with a stop loss of Rs 67.50 Shardul Kulkarni, Angel Broking Overall the chart structure in Hindalco is turning bullish and one should buy Hindalco above the levels of Rs 119.5. A stop loss from the lower side should be placed at Rs 116 and target price that we are looking out for in next 2-3 trading sessions is near to Rs 125. Opto Circuits chart structure looks bullish and the stock looks poised for a breakout thus we would recommend buying the stock above the level of Rs 186.5. The stop loss should be placed at Rs 182.4 and the target price that we are looking is at Rs 193.
I have a buy call in ICICI Bank in the range of Rs 855-860 with a stop loss being placed below the Rs 845 levels on a closing basis, the stock has formed a bullish pattern on the daily candlestick charts. Look for a target of Rs 878-880 to be tested in the next two trading sessions. I have a buy call in Reliance Infra in the range of Rs 505-510 with a stop loss being placed below Rs 500 on a closing basis. The stock has completed a 50% retracement of its entire rally from a level of Rs 330.
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