Super Six stocks you can bet on March 18

On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Sec, Manas Jaiswal, manasjaiswal.com and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.
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Mar 18, 2013, 09.23 AM | Source: CNBC-TV18

Super Six stocks you can bet on March 18

On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Sec, Manas Jaiswal, manasjaiswal.com and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.

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Super Six stocks you can bet on March 18

On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Sec, Manas Jaiswal, manasjaiswal.com and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.

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On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Sec, Manas Jaiswal, manasjaiswal.com and Shardul Kulkarni, Angel Broking, 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.

Rajesh Jain, Religare Sec

Currently pharmaceutical and fast moving consumer goods (FMCG) are better bets. Dabur India has witnessed an upside breakout from the consolidation range of Rs 125-135 levels providing a fresh impetus to the buying. Accordingly, one can go long in the stock between Rs 135 and Rs 136 levels keeping a closing stop loss of Rs 133 for higher targets of more than Rs 145 in coming days.

Among the pharmaceutical counters, Lupin is one of the best performing stocks irrespective of the market condition. The stock has broken out of its long triangle formation and now is ready to move further up. One can go long in the stock near Rs 603-606 levels keeping a closing stop loss of Rs 595 for higher targets of more than Rs 630 in coming days.

Manas Jaiswal, manasjaiswal.com

Lupin has given a triangular breakout on the daily charts yesterday with higher volumes. So, now we may see a sharp upmove, the stock can test Rs 630 in next three-four trading sessions. One can buy the stock at current levels with a stop loss of Rs 600.

Siemens has started making higher tops and higher bottom on the daily chart. Yesterday, it broke the resistance of Rs 570 with higher volumes. So, now we may see further rally. The stock can test Rs 605 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 555.

Shardul Kulkarni, Angel Broking

The first stock that we will recommend is a buy call with regards to Siemens . The chart structure after six weeks is getting into a higher top, higher bottom cycle on the daily chart. Going, forward, we expect the stock to move higher to the levels of Rs 595 to Rs 600. Buy the stock in the range of Rs 573 to Rs 570, place a stop loss at Rs 560 and trade bullish for a target of Rs 595.

The second stock that we recommend is a sell call with regards to Punjab National Bank (PNB) March futures. Banking stocks have been in a very strong downtrend and on Friday’s trading session, we have seen significant correction in most of the banking counters. Considering the chart structure, we recommend selling PNB March futures in the range of Rs 803-807, one can place a stop loss at Rs 818 and trade bearish for a target of Rs 760 over the next five-six trading sessions.

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Super Six stocks you can bet on March 18

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