On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni Angel Broking, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, Vibrant Trades share, 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.
Shardul Kulkarni, Angel BrokingWe have a buy call on Jubilant Foodworks. The stock has completed an ABC corrective pattern and shown reversal near 78.6 percent retracement level. Going forward we recommend buying this counter above the levels of Rs 1,130, place a stop loss at Rs 1,070 and trade bullish for a target of Rs 1,250 over the next seven-ten trading sessions.
We have a buy call on Jindal Stainless. The stock has shown very strong volumes in yesterday’s trading sessions and the price volume activity tells us that the upside going forward is significantly higher. Thus we recommend buying this stock above the levels of Rs 53, place a stop loss at Rs 49 and trade bullish for a target of Rs 63 over the next 10-12 sessions.
Rajeev Agarwal, dynamixresearch.in
I have a buy call Financial Technologies. After strong downtrend it is now showing some bottoming out pattern so one can buy if it sustains above Rs 720 level with a stop loss below Rs 689 on closing basis. My initial target is Rs 750 and next logical target is around Rs 780 in short-term
I have a buy call on ICICI Bank. One can buy it with a stop loss below Rs 980 on closing basis. Book part profit around Rs 1,040 level and hold balance for Rs 1,060 level in short-term.
Vikrant Jadeja, Vibrant Trades
On daily charts of Cipla a breakout has been indicated in last trading sessions, after consolidations in a range of 15 points since last 20 trading sessions, which indicates that certainly some kind of higher levels can be expected in this counter in coming sessions. Buy Cipla at current market price with stop loss of Rs 388 and expect target of Rs 414 in the next four-five trading sessions.
Only for the trading purpose some kind of bounce on chart is expected on Hindustan Petroleum Corporation (HPCL). One can buy HPCL at current market price with stop loss of Rs 288; expect a target of Rs 300 in the next one-two trading sessions.
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