![]() Super Six stocks that can boost your portfolio on July 13Published on Wed, Jul 13, 2011 at 08:22 | Source : Moneycontrol.com Updated at Wed, Jul 13, 2011 at 11:16
On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Abhijit Paul, Brics Securities and Sundar Raja, Technical Analyst, 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.
Aditya Birla Nuvo looks very interesting, infact it is said to commence an intermediate uptrend. One can buy it at around Rs 910 with a stop loss of Rs 900 and a target of Rs 930. ABB also looks extremely interesting. Infact one can buy it at around Rs 880 with a stop loss of Rs 860 and a target of Rs 920. This is a slightly longer term call, the validity of which would probably be around 8 or 10 trading sessions.
Abhijit Paul, Brics Securities HPCL is in a nascent short term uptrend and holding well. Look to buy on the breakout once it moves above the Rs 405 mark. In that case upside targets come in the range of Rs 440-460. On the flip side Rs 380-385 is the support range for the stock.
Sundar Raja, Technical Analyst One stock that is looking quite bullish for me in the intra day is Godrej Industries . After a strong surge earlier it is seen in a minor retreat in the last few days and it has seen minor correction to the earlier top of Rs 213 where it seems to have taken a strong support. So, one can definitely consider a buy position at Rs 213 with a stoploss at Rs 209 with a possible target to Rs 218. Allahabad Bank is looking quite bullish. After an earlier breakout about Rs 200 last week it is seen in a minor consolidation, it is seen in firmness in the last few days at the major support of Rs 202 which means the support has been taken. So in a minor possible opening weakness Allahabad Bank can be bought at around Rs 202 with a trailing stop loss starting from Rs 199 with a possible target to Rs 207.
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