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 of vibranttrades.com
It seems that upside move is exhausted and we may see some kind of downside retresive move in HCL Technologies. Sell HCL Tech Futures around Rs 720 with closing stop loss of Rs 732. Expect a target of Rs 690 in next four-five trading sessions. Jindal Steel & Power has been hammered from levels of Rs 440 to almost Rs 350 and it has found a good support around level of Rs 320. On daily charts candlestick suggests that we may see some kind of reversal on the upside in this counter. Buy Jindal Steel around Rs 358 with closing stop loss of Rs 350 and expect a target of Rs 373 in next three-four trading sessions.
Manas Jaiswal of manasjaiswal.com IndusInd Bank has broken an important trend line support. Yesterday during the day the stock bounced back but this bounce back is a good selling opportunity with stop loss of Rs 431. The stock can test Rs 416 in next one-two trading sessions. Ranbaxy Laboratories has broken its key support of Rs 410 with higher volumes. So, we may see further weakness in the stock. It can test Rs 385 in next one-two trading sessions. So, one can go short at current levels with a stop loss of Rs 406.
Rajeev Agarwal of dynamixresearch.in
Sell IndusInd Bank though it is a strong bank but now showing weakness below Rs 430 levels. So, one can sell it below Rs 430 with closing stop loss of Rs 450. My initial target is Rs 407 and next logical target is Rs 387 in short-term.
I have a sell call on LIC Housing Finance. One can sell it here and any pullback towards Rs 250; keep a stop loss of Rs 265 on closing basis. My initial target is Rs 232 and below Rs 230 it may touch Rs 215 in short-term.
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