On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Manav Chopra, Nirmal Bang and Rakesh Gandhi, FRR 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.
Manas Jaiswal, manasjaiswal.com GMR Infrastructure is making higher tops and higher bottoms on the daily chart and closed above 200 day moving average (DMA). We may see further recovery. The stock can test Rs 24 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 21. Adani Enterprises has made a morning star pattern on the daily charts. So, we may see further recovery. The stock can test Rs 215 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 196. Manav Chopra, Nirmal BangMy first pick is HDFC. The stock after its recent decline has formed a probable head and shoulder pattern at its long-term averages and has formed a very good support around the levels of Rs 810 and Rs 815. One can maintain a buy on dips approach with a stop loss at Rs 805 for an upside target of Rs 855.
My next pick is on Jaiprakash Associates. The stock has completed its five wave decline and with series of positive divergence for the momentum indicators, it suggests that one can expect a medium-term trend reversal on cards. The stock has also managed to exceed its recent highs, which is a quite positive signal. One can maintain a buy with the stop loss of Rs 62 for an upside target of Rs 70.
Rakesh Gandhi, FRR shares
My first pick for the day is Jubilant Foodworks. The short-term chart structure indicates that stock has entered into an upswing and further the patterns also indicate that it could see a retest at the higher levels of Rs 1,300 and hence a buy call for a target of Rs 1,290 with a stop loss of Rs 1,210.
My second pick for the day is HCL Technologies. The stock has been taking pause on a regular intervals and maintaining its upward trajectory. Once again, the momentum parameters are indicating that it could surpass the previous high of Rs 805 and hence a buy call for a target of Rs 835 with a stop loss of Rs 775.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!