On CNBC-TV18's show Super Six, market gurus Manav Chopra of Nirmal Bang, Rajesh Jain of Religare Sec and Rakesh Gandhi of FRR shares, 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 Manav Chopra of Nirmal Bang, Rajesh Jain of Religare Sec and Rakesh Gandhi of FRR shares, 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.
Havells India has formed a positive reversal pattern on the momentum indicators, which suggests the possibility for a higher high formation. One can maintain a buy-on-dips approach with the stop loss of Rs 580 with a target of Rs 625.
Financial Technologies has been a complete outperformer in the markets recently and has been in a very strong uptrend. The stock is also currently trading above the short-term and long-term averages. It has the strong support at Rs 1,080 on the downside. You can buy with the stop loss of Rs 1,070 with a target of Rs 1,160.
Rajesh Jain of Religare Sec
IDFC has formed a lower bottom, lower top formation from its top which is bearish. At any counter rally, one can short the stock near Rs 162 levels keeping a closing stop loss of Rs 165 for lower target of Rs 153.
Larsen and Toubro as a stock has broken out of a head and shoulder top formation. At any counter rally one can short between Rs 1,625 and Rs 1,630 keeping a closing stop loss of Rs 1,650 for lower targets of Rs 1,575.
Dishman Pharma has rallied and now it is consolidating in a sideways trend since last more than three months. Recently in last week, it has closed tagging the upper end of the Bollinger band indicating the momentum has picked up. Now the current pattern indicates that the stock has seen a breakout from the rectangle pattern and continue to see higher levels and hence can be bought for a target of Rs 120 within few weeks with a stop loss of Rs 103.
Tata Steel has been in a sideways trend and while remaining in a sideways trend, it has formed a bearish head and shoulder pattern. Recently, on Friday after the announcement of results the stock has closed below the neckline with heavy volumes indicating that it could see further lower levels and hence it can be sold in futures for a target of Rs 370 with a stop loss of Rs 406.
READ MORE ON Manav Chopra of Nirmal Bang, Rajesh Jain of Religare Sec, Rakesh Gandhi of FRR shares, Super Six, Havells India, Financial Technologies, IDFC, Larsen and Toubro, Dishman Pharma, Tata Steel
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Dont see mkt going anywhere now; like Bharat Forge: Dipen