On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiwal.com, Aditya Agarwal of Way2Wealth Securities and Rakesh Gandhi of FRR Shares, 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 of manasjaiwal.com Buy United Spirits with a stoploss at Rs 2415 and for a target price of Rs 2525 The stock has started making higher tops and higher bottoms on the daily chart and in previous session it has broken its resistance of Rs 2,400. So we may see further upmove, this stock can test Rs 2,525 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 2,415. Buy IDFC with a stoploss at Rs 83 and for a target price of Rs 90 The stock has made a strong base near Rs 80. The stock was trading in a range of Rs 80 and Rs 85 for the last 7-8 trading sessions, but now it has broken this range upside with higher volumes. So we may see a recovery. The stock can test Rs 90 in next one-two trading sessions. One can buy the stock at current levels with a stoploss of Rs 83. Aditya Agarwal of Way2Wealth Securities Buy Power Finance Corporation with a stoploss at Rs 114 and for a target price of Rs 125 The stock has broken a downward trend and resistance level at around Rs 116. With this the stock has added almost 5 percent shares in open interest (OI) which are on long side. We are expecting that buying may continue and on the higher side, the stock may test Rs 125 levels with a stop loss of Rs 114. Long positions can be initiated around Rs 118 with a target of Rs 125. Buy Tata Global Beverage with a stoploss at Rs 144 and for a target price of Rs 156-158 This stock was trading in a range of Rs 148 and Rs 134 for last couple of trading session. In previous session, we saw some short covering in the counter and this stock has broken the resistance level of Rs 148. On higher side, we are expecting the stock to test Rs 156-158 levels in next one-two trading sessions. So around Rs 148 one can initiate long positions with a target of Rs 156 and on the lower side stop loss will be Rs 144. Rakesh Gandhi of FRR Shares Buy Canara Bank with a stoploss at Rs 205 and for a target price of Rs 235 In previous session, most of the banking stocks have seen a revival of uptrend with a very strong upward momentum. Canara Bank has seen a significant fall from the level of Rs 450 to Rs 200 and now the upward momentum is likely to pick up. Hence a buy call with a short-term target of Rs 235 and a stop loss of Rs 205. Buy HDIL with a stoploss at Rs 35 and for a target price of Rs 40 After a significant fall in last four weeks, the stock has been remaining in a consolidation pattern. While it was remaining in a consolidation pattern, the volumes are also very low. In previous session, the stock has seen a breakout from this consolidation pattern with a huge volume indicating that further uptrend would continue and hence a buy call for a short-term target of Rs 40 with a stop loss of Rs 35. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!