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Super Six stocks you can bet on August 30

Shardul Kulkarni of Angel Broking suggests buying Bajaj Auto with a target of Rs 1840 and KPIT Cummins Infosystems with a target of Rs 145.

August 30, 2013 / 10:52 IST
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On CNBC-TV18's show Super Six, market gurus Pritesh Mehta of IIFL, Shardul Kulkarni of Angel Broking and Vishal Malkan of CMT, 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.

Pritesh Mehta of IIFL
First recommendation is buy on Godrej Consumer Products. The stock has staged a strong reversal from the neckline of its bearish head and shoulder pattern. This negation of a bearish pattern is going to provide strong momentum in the counter in the near-term. Also the stock has taken support at its 200 day moving average. Now buy this stock above Rs 815 with stop loss of Rs 790 for a target of Rs 860-870 in next four-five trading sessions.
Our second recommendation is Hindustan Unilever (HUL). After going through a sharp correction of 20 percent in the space of last one month, the stock has found an intermediate support around Rs 580. On multiple occasions, the stock has staged a pullback from these levels. Now after a period of sideways consolidation, the stock is attempted to breakout on the upside. Buy above Rs 598 with a stop loss of Rs 580 for a target of Rs 640 in next seven-eight trading sessions.
Shardul Kulkarni of Angel Broking
First stock that we will recommend is a buy call with regards to Bajaj Auto. The daily chart structure of Bajaj Auto shows a downward-sloping wage pattern. The breakout of this pattern should lead to significant upside in the next few trading sessions. Buy the stock above the levels of Rs 1,760, place a stop loss at Rs 1,710 and trade bullish for a target of Rs 1,840 or higher levels in the next six-eight trading sessions.
The second stock that we will recommend is also a buy call with regards to KPIT Cummins Infosystems. The stock has been in a very strong higher top higher bottom cycle over the last two months and going forward we expect significant upside in this counter. Buy the stock above the levels of Rs 136, place a stop loss at Rs 128 and trade bullish for a target of Rs 145 over the next four-six trading sessions.
Vishal Malkan of CMT
My first pick is Century Textiles. It has formed a bullish candlestick pattern on daily chart with volumes. Hourly momentum has entered into bullish zone. I recommend a buy with a stop of Rs 209 for targets of Rs 219 and Rs 224.
My second pick is Wipro. It has closed above the important resistance of Rs 470 on daily closing basis. I recommend a buy with a stop loss of Rs 465 for targets of Rs 485 and Rs 495.
first published: Aug 30, 2013 08:20 am

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