On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vikrant Jadeja of Vibrant Trades and Rajeev Agarwal of www.dynamixresearch.in, 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 manasjaiswal.com Sintex Industries has broken the neckline of “Inverse Head & Shoulder” pattern on the charts and witnessed good buying interest on Friday. Now it can test Rs 75 in the next one or two trading sessions. One can buy the stock at current levels with a stop loss of Rs 69. Hexaware Technologies has made a strong base near Rs 85 and witnessed good buying interest on Friday. Now it has some resistance near Rs 91, but looking at the pattern I think it can break this resistance and can test Rs 95 in the next 2-3 trading sessions. One can buy the stock at current levels with a stop loss of Rs 87.
Vikrant Jadeja of Vibrant Trades
My first trade idea for the short-term is Polaris Financial Technology. Looking at daily chart structure it seems that stock has given a good breakout in last trading sessions with good increased volume, which suggest that further upside may continue in this counter in the coming sessions. Buy Polaris around Rs 120 with closing stop loss of Rs 115.5. Expect a target of Rs 127 and next target of Rs 130 in the next 4-5 trading sessions.
My second trade idea for the short-term is Bank of India. We have seen that in the last 3 months this counter has moved almost from the levels of Rs 270 to almost Rs 370. Looking at the daily chart structure it seems that upside move of this 100 point is over and we may see some kind of reversal as retracive move on downside. Sell Bank of India January Futures around Rs 364-365 with a closing stop loss of Rs 373. Expect a target of Rs 345-347 in the next 6-7 trading sessions.
Rajeev Agarwal of www.dynamixresearch.in
My first call is buy on Steel Authority of India (SAIL). One can buy it at current market price and add more on any decline towards Rs 90. Keep a stop loss below Rs 88 on closing basis and hold for targets of Rs 96-100 in the short-term.
My second call is sell on Ranbaxy Laboratories. One can sell it at current market price with a stop loss above Rs 510 and hold for targets of Rs 490-481 in the short-term.
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