On CNBC-TV18's show Super Six, market gurus Parag Doctor, Vishal B Malkan and Rajesh Jain, place their bets on two stocks each, thus offering investors a variety of options to choose from.
We would like to recommend buy Asian Paints . This stock is trending upwards and is a new bull orbit making a new all time high. The stock is expected to move to Rs 3700 with a stop loss at Rs 3400.
I recommend buying Apollo Tyres . This stock has broken out on the resistance at Rs 90 and is at a new 52 week high. The stock is expected to move to a target of Rs 100 with stop loss of Rs 89.
Ranbaxy is trading around a near support of Rs 500. I recommend a buy with a stop loss of Rs 490 for targets of 515-525.
Jaiprakash Associates has taken support around the Rs 70 level and started moving up. There is a bullish candle on daily charts. I recommend a buy with a stop loss of Rs 71 and target of Rs 74.5-75.5
Power Grid has been falling for the last many trading sessions but is now approaching support levels and is consolidating. One can buy the stock at its current price keeping a closing stop loss of Rs 105 for higher target of Rs 114.
State Bank of India has been correcting for the last 8 sessions and if the markets have to move up SBI has to move up. It has come near to its very important support of Rs 2100. One can buy the stock at current price keeping a stop loss of Rs 2100 and target of Rs 2240.
READ MORE ON Super Six, Parag Doctor, Vishal B Malkan, Rajesh Jain, Asian Paints, Apollo Tyres, Ranbaxy, Jaiprakash Associates, Power Grid, State Bank of India
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Dont see mkt going anywhere now; like Bharat Forge: Dipen