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.
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.
Punj Lloyd is making lower tops and lower bottoms for the daily chart and now it has broken the support of Rs 47 with higher volumes. So it can test Rs 42 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 47.
After facing resistance near Rs 132 Exide Industries fell sharply and broke the support of Rs 126 with higher volumes. Now we may see further weakness and stock can test Rs 120 in next two-three trading sessions. One can go short at current levels with a stop loss of Rs 128.
Rajeev Agarwal, dynamixresearch.in
Sell Axis Bank . We are maintaining our bearish view on the market and as per structure market should test 5550 level in next 15 days. One can sell Axis Bank with a stop loss above Rs 1455 and target of Rs 1375 and 1330 in short-term.
Sell Federal Bank . One can attempt shorts in the range of Rs 500 to Rs 505 and keep a stop loss above Rs 520 on closing basis. My initial target is around Rs 480 and next target is Rs 460.
After a good amount of consolidation in a narrow range we can expect some kind of significant upside breakout in Apollo Tyres on daily as well as weekly charts. Expect some kind of higher levels in this counter soon. Buy Apollo Tyres February Futures around Rs 89.50 with closing stop loss of Rs 87.25 and expect a target of Rs 97-100 in next four-five trading sessions.
Hindustan Petroleum Corporation (HPCL) has fallen from the levels of Rs 380 to almost Rs 300 in last one and half months gradually. However, looking on daily charts we may see that this downside is over and we can expect some kind of reversal on the upside in this counter. Buy HPCL February Futures around Rs 316 with closing stop loss of Rs 310. Expect a target of Rs 328-330 in next three-four trading sessions.
READ MORE ON Super Six, Manas Jaiswal, manasjaiswal.com, Rajeev Agarwal, dynamixresearch.in, Vikrant Jadeja, vibranttrades.com, Punj Lloyd, Exide Industries, Axis Bank, Federal Bank, Apollo Tyres, Hindustan Petroleum Corporation, HPCL
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Like Bank Nifty; mkt has strong support at 7700: PhillipCap