Sep 12, 2012, 08.44 AM IST
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Sanjeev Agarwal of Dynamix Research & Capital Management and Manav Chopra of Nirmal Bang, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Kotak Mahindra Bank has taken support near Rs 565 and bounced back sharply. It broke the resistance of Rs 582. Now it can test its August high of Rs 600 in next 1-2 trading sessions. Buy the stock at CMP with stop loss at Rs 577.
Reliance Communications has made a good base near Rs 48 and yesterday it witnessed good buying interest, broke the resistance of Rs 51 with higher volumes. So now we can see further recovery and the stock can test Rs 56 in 1-2 trading sessions. One can buy it with stop loss at Rs 49.50.
Sanjeev Agarwal of Dynamix Research & Capital Management
Buy Bank of Baroda . It has given a very strong breakout above Rs 640. We can buy it at current market price and any pullback towards Rs 640 with a stop loss below Rs 629 for a target of Rs 655-665.
Buy Siemens . It has given a very strong breakout above Rs 690 yesterday. We can buy it at current market price and any pullback towards its breakout level of Rs 690. Keep a stop loss below Rs 673 and target around Rs 725-745.
Rolta has breached its recent consolidation with above average volumes. It has a strong support at Rs 72. Buy with the stop loss of Rs 71 for a target of Rs 78.
Cadila Healthcare has been a complete outperformer in the markets recently and has been forming a series of higher highs and lows. Recently it has breached it August highs. Buy with the stop loss of Rs 930 with target of Rs 985.
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