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6 trading bets that can fetch you handsome returns

On CNBC-TV18's show Super Six, market gurus Manav Chopra, Nirmal Bang, Vikrant Jadeja, vibrantraders.com and Manas Jaiswal of manasjaiswal.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.

February 01, 2013 / 08:59 IST
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On CNBC-TV18's show Super Six, market gurus Manav Chopra, Nirmal Bang, Vikrant Jadeja, vibrantraders.com and Manas Jaiswal of manasjaiswal.com, 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.

Manav Chopra, Nirmal Bang
My first pick is Titan Industries. The stock after taking support at its long-term averages has managed to exceed its falling resistance line drawn from its recent highs which confirms a short-term trend reversal and resumption of the original trade. The oscillators on the daily chart have bounced from the oversold territory which suggests that the stock is likely to head higher. One can maintain a stop loss of Rs 275 for an upside target of Rs 290.
My next pick is BHEL. The stock at important crucial support has formed a bullish engulfing pattern with above average volume which suggests there is limited downside from the current levels. There is an immediate resistance at Rs 230 on the upside which is likely to be breached in the near-term. One can buy with a stop loss of Rs 220 for an upside target of Rs 245.
Vikrant Jadeja, vibrantraders.com
After a good amount of consolidations in a trading range of 40 points Jet Airways is now ready to move upwards to the higher levels. We can expect higher levels in this counter in coming sessions. Buy it around Rs 620-625 with a closing stop loss of Rs 600. Expect a target of Rs 650-660 in next one-two trading sessions. Voltas has been hammered from the levels of Rs 105 to almost Rs 95 in last few trading sessions. It has consolidated in a range in last two-three trading sessions and we can expect some kind of reversal on the upside in this counter soon. Buy the stock around Rs 98.50 with closing stop loss of Rs 96.25. Expect a target of Rs 103 in next two-three trading sessions.
Manas Jaiswal, manasjaiswal.com Punj Lloyd has started making higher tops and higher bottoms on the daily chart and yesterday it broke the resistance of Rs 53 with higher volumes. Now the stock can test Rs 56 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 51.50. Adani Enterprises has taken support near to its support level of Rs 240 and witnessed good buying interest. Now we may see further recovery. The stock can test Rs 260 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 245.
 
first published: Feb 1, 2013 08:59 am

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