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Last Updated : Nov 22, 2011 10:17 AM IST | Source: CNBC-TV18

Super Six: Top chart picks for today

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.


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


Gateway Distriparks is taking support near to Rs 127 for last 4 trading sessions and yesterday we witnessed some buying interest. Oscillators are in the war saw zone, so I think stock can give a bounce back and can test Rs 136. One can buy it with a stop loss of Rs 127.


After 2 days bounce back VIP Industries could not sustain on higher levels and after making a high of Rs 135 it fell sharply yesterday. Stock is still looking weak on the charts and it can test Rs 105. So, one can go short with stoploss of Rs 122.


 


Nooresh Mirani, Head, AMSEC-Analyse India


Buy Tata Chemicals with a target of Rs 345 and stoploss at Rs 320. The stock has been holding well in a falling market as well as it is in the range of Rs 315-345. So I would expect the stock to go back to Rs 345 in the short term.


Sell on Bank of India. The stock is a on the verge of a breakdown below Rs 310-315 zone. Once it starts trading below Rs 315 I would expect the stock to touch a target of RS 290 in short term. Traders can go short on any weakness below Rs 315 with a stoploss at Rs 325.


 


Parag Doctor of Motilal Oswal Securities


We at Motilal Oswal Securities would like to recommend to buy Dabur India. This stock has developed very strong support around Rs 95 levels and started moving up by entering a short term uptrend. The stock is expect to move to 200 DMA resistance which is around the Rs 104 with a stoploss at Rs 95.

We would like to recommend to sell Idea Cellular. This stock has very strong multi month resistance around Rs 102-103 levels and stock is expected to fall to the recent support around the Rs 90 levels with a stoploss at Rs 103.

First Published on Nov 22, 2011 08:35 am
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