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6 trading bets that can fetch you handsome returns

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

November 21, 2011 / 09:33 IST
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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
In last 7-8 trading sessions Jaiprakash Associates fell sharply from Rs 80 but on Friday it took support near to Rs 60 and witnessed a lot of buying interest. On the daily chart it made a hammer patter, so we may see an upside correction, stock may test Rs 68. One can keep a stoploss of Rs 60.
On Friday ICICI Bank has taken support near to Rs 750 and recovered smartly. On daily charts it made a hammer pattern oscillators are showing positive cross over. So we may see further recovery. The stock can test RS 805. One can buy at CMP with a stoploss of Rs 759.
  Nooresh Mirani, Head, AMSEC-Analyse India
Buy Godrej Industries with a target of Rs 200 and stop loss at Rs 175. The stock seems to get a lot of support in the range of Rs 175-185 from where it bounces back sharply to Rs 210-220 levels. So from current levels downside would be limited and the upside can be atleast to a short term target of Rs 200.
Buy Smartlink Network. The stock has given a breakout above Rs 42-43 and it has been holding well in the levels of Rs 47-48 even in falling markets. As well if you look on the other side the stock has almost RS 300-360 cr cash on books. I would expect the stock to go back to Rs 52 in the short term. Traders may keep a stoploss of Rs 42 for the position.
  Parag Doctor of Motilal Oswal Securities
We at Motilal Oswal Securities would like to recommend to buy Sintex Industries. This stock has corrected significantly and has now started a short term rally. Stock is expected to move up to Rs 105 which was recent resistance with stoploss at Rs 83.
We would also like to recommend to buy CESC. This stock has very strong multiple supports around the Rs 240 levels. The stock has started a short term uptrend and is expected to move up to Rs 300 levels with stoploss at Rs 240.
first published: Nov 21, 2011 08:34 am

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