HomeNewsBusinessStocksCheck Out: Super Six stocks for March 22

Check Out: Super Six stocks for March 22

On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja, vibranttrades.com, 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.

March 22, 2013 / 09:19 IST
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On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja, vibranttrades.com, 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.

Vikrant Jadeja, vibranttrades.com
We have seen good amount of selling in almost every sector but still there are some of the safe bets, which traders can go long with. One of them is Jyothy Laboratories. Traders can go long in Jyothy Laboratories around Rs 170 with closing stop loss of Rs 164, expect a target of Rs 181-190 in next two-three trading sessions.
In last trading sessions we have seen that almost every auto stock has been at higher levels but if you look at the current levels of the indices, we cannot rule out the possibility of a bounce in the market and if that is so, some of the stock counters to bounce from the levels would be auto stocks. One of them is Bajaj Auto. Buy Bajaj Auto around Rs 1,770 with closing stop loss of Rs 1,740, expect a target of Rs 1,810 to Rs 1,820 in next two-three trading sessions.

  Manas Jaiswal, manasjaiswal.com HDFC Bank has broken the support of Rs 615 and 200 day moving average (DMA) with higher volume. So, we may see further weakness. The stock can test Rs 580 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 615. Zee Entertainment Enterprises is trading near its support of Rs 200 but looking at the pattern, I think it can break its support of Rs 200 and can test Rs 192 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 204.
Shardul Kulkarni, Angel Broking
The first stock we recommend is a buy call with regards to ICICI Bank. The only chart structure of ICICI Bank shows high probability of formation of a bullish head and shoulder pattern. We recommend buying the stock only and only above the levels of Rs 1,048. Buy above Rs 1,048, place a stop loss at Rs 1,025 and trade bullish for a target of Rs 1,100-1,120 over the next six-eight trading sessions.
The second stock that we recommend is a buy call with regards to Wipro. The chart structure of Wipro shows that the stock has taken support at the 20 day moving average (DMA) and now is poised to move higher. We recommend buying this particular counter in the range of Rs 437 to Rs 434, place a stop loss at Rs 428 and trade bullish for a target of Rs 456 over the next six-eight trading sessions.
first published: Mar 22, 2013 08:53 am

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