On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Arunesh Madan of Founder and Director of Augment Investment Pvt ltd and Rajesh Jain of EVP Retail Research, Religare Sec , 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 Crompton Greaves was trading in the range of Rs 114-109 for last two weeks but on Friday it broke this range upside with higher volumes. So, now it can touch Rs 120 in next one or two trading sessions. One can buy the stock at current levels with a stop loss of Rs 111. Zee Entertainment Enterprises has started making higher tops and higher bottoms on the daily charts and on Friday it broke the resistance of Rs 200 with higher volumes. So, now stock can touch Rs 210 in next one or two trading sessions. One can buy the stock at current levels with a stop loss of Rs 201.
Arunesh Madan of Founder and Director of Augment Investment Pvt ltd Crompton Greaves was moving in a very narrow range of Rs 108-114 in the last two weeks. The stock on Friday has broken and closed above that trading range. Look to buy this stock at the current price of Rs 115 and keep a stop loss below Rs 112 on a closing basis and look for a target of Rs 119 and Rs 123 in the coming days. ITC has witnessed a very strong pullback rally in the last couple of trading sessions. The stock has got a very strong resistance around the Rs 290 levels. Look to short this stock at the current market price keeping a stop loss above the Rs 290 levels on a closing basis and look for a target of Rs 275 and Rs 265 in the coming days.
Rajesh Jain of EVP Retail Research, Religare Sec Coal India has been holding on and has been forming a higher bottom, higher top formation. As we approach clearing some sort of short covering can come in the stock. One can buy the stock at current price keeping a closing stop loss of Rs 355 for higher target of Rs 365 till the clearing. Maruti Suzuki has been holding on to the higher levels and has been consolidating near its highs. One can buy the stock at current price for a target of Rs 1550 in coming days keeping a closing stop loss of Rs 1475.
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