Super Six stocks you can bet on July 19

Published on Tue, Jul 19, 2011 at 08:17 |  Source : Moneycontrol.com

Updated at Tue, Jul 19, 2011 at 11:18  

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On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Parag Doctor of Motilal Oswal Securities and Shrikant Chouhan, VP Technical Research of Kotak Securities, 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.


Hemen Kapadia of chartpundit.com

NCC has given an upward bar reversal on significantly higher volumes. One can buy it at around Rs 83 with a stop loss of Rs 80 and a target of Rs 89. This is a shorter term call, the validity of which would be 5 trading sessions.

Accentia Technologies is deeply oversold. It has virtually collapsed. It is recovering from an extremely oversold territory. One can buy it at around Rs 75 with a stop loss of 72 and a target of Rs 81.


Parag Doctor of Motilal Oswal Securities

Buy BGR Energy Systems . This stock has formed a very good base around  the Rs 450 levels for the last few months. The stock has started moving up by crossing the 20-day moving average and is expected to move to the Rs 510 levels. The stop loss would be at 450 levels.

JSW Steel has a multi-month base around the Rs 850 levels and it has shown strength again by crossing the 20-day average. The stock is expected to move to the Rs 925 levels with the stop loss at Rs 850 levels.

 

Shrikant Chouhan, VP Technical Research of Kotak Securities

Buy Godrej Properties and hold for next 15 days. Accumulate between the range of Rs 790 and 770 with a tight stop loss at RS 750 on a closing basis. We can expect RS 860 and 885 on the higher side.

Purely from a trading point of view we can trade short in Reliance Capital with a stop loss at Rs 602 on the higher side. We can expect Rs 580 and 570 on the lower side in next few days.

  

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