On CNBC-TV18's show Super Six, market gurus Nooresh Merani of AMSEC Research, Rajesh Jain of Religare Securities and Rajeev Agarwal of 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.
Nooresh Merani of AMSEC ResearchMy first stock call is a buy on Oracle Financial Services Software with a target price of Rs 3,100 and a stop loss at Rs 2,800. The stock has given a range breakout above Rs 2,850 levels. This is a good breakout and it could be headed to Rs 3,100 as a short-term target and even to previous highs of Rs 3,300 plus.
My second stock call is a buy on DLF with a target price of Rs 190 and a stop loss at Rs 167. Over the last one to one and half years the stock has been in a range of Rs 160-170 on the lower end and Rs 250-300 over the higher end. The stock is showing signs of bottoming out and once it starts sustaining above Rs 181 levels we can see a good move. One can buy the stock at current levels keeping the risk reward in favour. Rajesh Jain of Religare Securities Hero Motocorp has given a three month closing high yesterday when Nifty fell down sharply. One can buy the stock at any correction near Rs 1,800 which is its support keeping a closing stop loss of Rs 1,750 for higher target of Rs 1,900.
Cement stocks have underperformed yesterday. Grasim Industries has not gone up. One can short Grasim at any counter rally near Rs 2,750 levels, keeping a stop loss of Rs 2,820 for lower target of Rs 2,650. Rajeev Agarwal of dynamixresearch.in
My first call is sell on Adani Enterprises. One can sell it in the range of Rs 195-198 with a stop loss above Rs 205 on closing basis. My initial target is around Rs 185 and next logical target is around Rs 175 in short-term.
My second call is sell on Hindalco Industries. One can attempt shorts if holds below Rs 101. Keep a stop loss above Rs 106 on a closing basis. It is a positional call. My initial target is around Rs 97 and next logical target is around Rs 92 in next 10-15 trading sessions.
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