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Aug 21, 2012, 08.56 AM IST
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Sanjeev Agarwal, CEO, Dynamix Research and Rajesh Jain of Religare Sec, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Buy Shree Renuka Sugars . The stock made a good base near Rs 31 and bounced back sharply. On Friday it broke the resistance of Rs 33.25 with higher volumes. So now the stock can test 200 DMA which is placed at Rs 36.50. Keep a stop loss of Rs 32.50.
Buy Videocon Industries . The stock has broken the resistance of Rs 173 and 200 DMA with higher volumes. So now the stock can test its June high of Rs 184. One can buy the stock at current levels with a stop loss of Rs 172.
Sanjeev Agarwal, CEO, Dynamix Research
Buy Aban Offshore . This stock has been showing very bullish pattern for last few days and yesterday it has given a very strong move on the upside. We can buy it at current market price for a target of Rs 445-460 and stop loss below Rs 400.
Buy Shree Renuka Sugars . This share has been showing very good pattern and we can buy it at CMP for a target of Rs 36 and stop loss below Rs 32. Above Rs 36 we can easily see a target of around Rs 39.
Buy Shree Renuka Sugars . On Friday when the markets were lackluster, this stock closed sharply higher on good volumes. It has broken out of its resistance zone and has given a buy. One can buy the stock near Rs 33 keeping a stop loss of Rs 32 for target of Rs 36 plus in coming days.
PTC India after falling from Rs 66 to Rs 55, took a counter rally till near Rs 61 and on Friday again fell sharply. One can short PTC near Rs 59 keeping a stop loss of Rs 61 and target of Rs 55.
Tags: Manas Jaiswal, Technical Analyst, manasjaiswal.com, Sanjeev Agarwal, CEO, Dynamix Research, Rajesh Jain of Religare Sec, Shree Renuka Sugars, Videocon Industries, Aban Offshore, PTC India
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