On CNBC-TV18's new show Super Six, market gurus Manas Jaiswal, Technical Analyst of Emkay Global, Nooresh Mirani, Head, AMSEC-Analyse India and Parag Doctor of Motilal Oswal Securitiest, 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 of Emkay Global
After a sharp fall from Rs 280 yesterday Educomp Solutions took support and witnessed some buying interest. On the daily charts it made a hammer pattern and oscillators are showing positive crossover. It can come to Rs 192. One can buy it with stop loss of Rs 174. Biocon took support near to Rs 306 yesterday and bounced back smartly with very good volumes. So now it can correct its recent fall and can test Rs 335. The stop loss should be at Rs 314.
Nooresh Mirani, Head, AMSEC-Analyse India
Sell Titan Industries with a target price of Rs 170 and stop loss at Rs 196. Stock has given a strong closing below 200 DMA as well as recent bottoms of Rs 190 have been broken, indicating a new downtrend to have started in the stock. So any weakness above Rs 193 would see momentum on the downside.
Sell United Spirits. The stock has been in a consistent downtrend and once it starts breaking below its recent lows of Rs 740 the stock can end up to Rs 650-700. Traders can go short below Rs 740 with target of Rs 660-700 and stoploss at Rs 765.
Parag Doctor of Motilal Oswal Securities
We at Motilal Oswal Sec would like to recommend to buy GRUH Finance. This stock has found support around the 50 DMA and has started moving up. The stock is expected to move upto the recent high which is at Rs 570 with stop loss at Rs 510.
We would like to recommend to buy NIIT Tech. This stock has stabilised around 200 DMA which is at Rs 195 and has started showing strength. The stock is expected to move up to the recent high which is at Rs 240 with stop loss at Rs 195.
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