On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Vishal Kshatriya, Sr. Derivative and Technical Analyst, Edelweiss and Rajesh Jain, EVP Reatail Research, Religare Sec 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, Technical Analyst, manasjaiswal.com SREI Infra has made a good base near to Rs 22. I think stock can go upto around Rs 31 which is almost 50% retracement level of recent fall. So, one can buy with stop loss of Rs 22. GVK Power is taking support near to Rs 10. So it can correct its recent fall and can test Rs 15. One can buy with stoploss of Rs 10.
Vishal Kshatriya, Sr.Derivative and Technical Analyst, Edelweiss
Go long on ONGC. Stock has generated trend line breakout along with good volumes placed on hourly charts. Momentum oscillators on daily charts continue to trade with a positive bias. Besides this stock continues to trade above its short term moving average which indicate positive momentum in the counter. I recommend going long at CMP with target of Rs 285 and stoploss below Rs 263.
Go short on GAIL. Stock has strong resistance in the range of Rs 400-405. On Monday after making high of Rs 403 stock corrected sharply along with good volumes. Momentum oscillators on daily charts continue to trade with a negative bias. Traders can go short at CMP with a target of Rs 380.
Rajesh Jain, EVP Reatail Research, Religare Sec Dr Reddys after a fall from Rs 1680 levels is consolidating in a sideways move. The stock has strong support between Rs 1540-1560 where one can accumulate the stock keeping a stoploss of Rs 1540 for higher target of Rs 1640. Arvind has taken a good correction in last 2 months and is now consolidating for last 15 days. Rs 80-82 is very strong support for the stock. One can buy near Rs 84 keeping a stoploss of Rs 80 for higher target of Rs 95 in coming days.
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