HomeNewsBusinessStocksCheck Out: Super Six stocks for March 1

Check Out: Super Six stocks for March 1

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, vibranttrades.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.

March 01, 2013 / 10:44 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, vibranttrades.com, 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 Buy Bajaj Auto at around Rs 1980-1983 with a stoploss at Rs 1960 and for a target of Rs 2020
Despite of huge amount of selling pressure in the market, daily and intraday charts of Bajaj Auto suggests that some kind of upside is still left in this counter. So, one can buy Bajaj Auto around Rs 1,980 to Rs 1,983 with a closing stop loss of Rs 1,960. One can expect a target of Rs 2,020 in next three-four trading sessions. Sell Sun Pharma futures at a.round Rs Rs 805 with a stoploss at Rs 818 and for a target price of Rs 785-780.
Sun Pharmaceuticals has moved from the levels of Rs 700 to almost Rs 830 in last one month. Looking at the daily charts, it seems that the stock has made a recent peak and we may see some kind of lower levels in this counter. Sell Sun Pharmaceutical futures around Rs 805 with closing stop loss of Rs 818. Expect a target of Rs 780-785 in next four-five trading sessions. Manas Jaiswal, manasjaiswal.com Short Hindalco Industries at current levels with a stoploss at Rs 101.60 and for a target price of Rs 93.
For last seven-eight trading sessions Hindalco was taking support near Rs 105 but now it has broken this support with higher volumes. So, we may see further weakness in the stock. Stock can test Rs 93 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 101.60. Buy Havells at current levels with a stoploss at Rs 630 and for a target price of Rs 680.
Havells witnessed good buying interest from lower levels and made a hammer pattern on the daily chart, which is a sign of reversal. So we may see further recovery. This stock can test Rs 680 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 630. Rajeev Agarwal, dynamixresearch.in Sell REC at around Rs 233-235 with a stoploss above Rs 247 and for a target price of Rs 221-206.
As I suggested, this market should test 5,548 level in the short-term and market cracked yesterday very badly. So one can sell REC around Rs 233 to Rs 235 level. Keep a stop loss above Rs 247 on closing basis. My initial target is Rs 221 and next logical target is Rs 206 in the short-term. Sell JSW Steel at around Rs 750-760 with a stoploss above Rs 787 and for a target price of Rs 701-675.
One can attempt shorts in the range of Rs 750 in JSW Steel and add more shorts in pullbacks towards Rs 760. Keep a stop loss at Rs 787 on closing basis. My initial target is Rs 710 and next logical target is Rs 675 in short-term.
first published: Mar 1, 2013 08:38 am

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