Check Out: Super Six stocks for Oct 24

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Check Out: Super Six stocks for Oct 24

On Super Six, a CNBC-TV18 show, market gurus Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, Rakesh Gandhi, Sr Technical Analyst of LKP and Nooresh Mirani, Head, AMSEC-Analyse India place their bets on two stocks each that can potentially make money.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Chambal Fert See messages about Chambal Fert

On Super Six, a CNBC-TV18 show, market gurus Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, Rakesh Gandhi, Sr Technical Analyst of LKP and Nooresh Mirani, Head, AMSEC-Analyse India place their bets on two stocks each that can potentially make money. Investors can read into the detailed analysis before agreeing to any or all the bets.

Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss

Go long on Chambal Fertilisers . The stock managed to bounce back from its key support of 200 DMA along with good volumes; momentum oscillators on daily chart have given bias signal. I am expecting stock to trade with a positive bias in days to come. Traders can go long at current market price with target price of Rs 96 maintaining stoploss below Rs 86.5.

Go short on IRB Infra . The stock has generated trendline breakdown along with good volumes placed on its daily chart. Momentum oscillators on daily chart continue to trade with a negative bias. Besides this the stock continue to trade below its short term moving average indicating negative momentum in the counter. Open Int data indicates short built up in the counter. Traders can go short with a target price of Rs 150 maintaining stop loss above Rs 167.

Rakesh Gandhi, Sr Technical Analyst of LKP

Raymond has seen a very strong break out from a consolidation pattern of triangle & it is also with rising volumes. I believe that the stock could go to higher levels and can be bought between Rs 375-390 for a target of Rs 425 with a stop loss of Rs 360.

After the announcement of results, L&T has broken below an important support level together with a bearish pattern, I believe it could go further down and I can short with a stop loss of Rs 1380 for a target of Rs 1250.

Nooresh Mirani, Head, AMSEC-Analyse India

Buy Amar Remedies with a target price of Rs 127 and a stoploss placed at Rs 114. The stock has been in the range of Rs 80-120 over the last one year, yesterday the stock tried to attempt the resistance level of Rs 120, so the volumes have picked up over the last few sessions. So I would expect the stock to head up to Rs 140 in the near term.

Buy BOC India with a target price of Rs 340 and a stop loss placed at Rs 300. The stock has been seeing lot of volumes over the last few sessions as well as the stock is a delisting candidate, so the downside is limited. Investors with a medium term perspective can also add the stock on any dips to Rs 300.