On CNBC-TV18's show Super Six, market gurus Rajesh Jain of Religare Securities, Rajeev Agarwal of Dynamixresearch.in and Gaurav Ratnaparkhi of Sharekhan, 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.
Rajesh Jain of Religare Securities Ambuja Cements has broken its important support of Rs 162 and closed sharply below it. One can short the stock at any counter-rally near to its resistance of Rs 158 keeping a closing stop loss of Rs 162 for a lower target of Rs 150. Tata Motors has fallen one-way from Rs 324 levels to Rs 280 levels in last four trading sessions. The stock is quite oversold on the short-term charts and has good support near Rs 280 levels. One can buy the stock near Rs 280, keeping a closing stop loss of Rs 275 for target of Rs 300.Rajeev Agarwal of Dynamixresearch.in
My first call is buy on Sintex Industries. In past we have seen a strong downfall in this counter, but now looking bottom out here. One can buy it if it sustains above Rs 21 level. Keep a stop loss below Rs 21 on closing basis. My initial target is around Rs 23.50 and next logical target is Rs 25 in short-term.
My second call is buy on Yes Bank. One can buy in the range of Rs 255-250 and keep a stop loss below Rs 240 on closing basis. My initial target is around Rs 270 and next logical target is Rs 285 in short-term.
Gaurav Ratnaparkhi of Sharekhan ICICI Bank is in a medium-term downtrend. The current fall is unfolding in a channelized manner. Recently the stock has taken support near the lower channel line, along with that it has taken support near daily lower Bollinger band. The stock is poised for a short-term bounce. Overall it can bounce till Rs 950-970 before extending further on the downside. From trading perspective, one can buy this stock with stop loss of Rs 803.50 for target of Rs 895.
My second buy call is on Titan Industries. From the high of Rs 288 Titan has done a three-way correction recently. It has retraced 78.6 percent of the previous rise and at that crucial Fibonacci level the stock has formed a bullish inside bar in the last session. All these observations suggest that the stock is poised for a fresh move on the upside and stop loss can be placed at Rs 217 for target of Rs 240 and timeframe will be two-three days.
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