On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, 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.
Shardul Kulkarni of Angel Broking
A buy call on Union Bank of India. The chart structure of Union Bank shows a strong higher top-higher bottom cycle and we are of the opinion that the next impulsive upmove has begun. Buy the stock in the range of Rs 221 to Rs 224, place a stop loss at Rs 214 and trade bullish for a target of Rs 245 over the next six-eight trading sessions.
A buy call on Pantaloon Retail. The stock has been moving in a sideways range of Rs 174 to Rs 210 over the past two months. In yesterday’s trading session the stock has given a reversal pattern at the lower end of the range. Buy the stock in the range of Rs 182 to Rs 185, place a stop loss at Rs 174 and trade bullish for a target of Rs 210.
Vikrant Jadeja of Vibrant Trades Larsen and Toubro has been in a declining trend since last many sessions. We can expect a good reversal on the upside soon. Buy it at current market price with a stop loss of Rs 1,540 on closing basis; expect a target of Rs 1,590 and Rs 1,600 in next three-four trading sessions
We have seen that as a sector cement stocks has been beaten down in last few days. We can expect good reversal on upside soon. Buy India Cement at current market price with a stop loss of Rs 82 on closing basis; expect a target of Rs 87 and Rs 90 in next three-four trading sessions.
Rajeev Agarwal of www.dynamixresearch.in
I have a buy on Jindal Steel & Power. It is now consolidating after a strong rally in a downward channel for so many days buy now showing breakout of Rs 381. One can buy it if it sustains above Rs 381 with a stop loss below Rs 364 and hold for targets of Rs 398 and Rs 414 in short-term.
I have a buy on Axis Bank. In banking sector this counter is showing tremendous strength and now on the verge of breakout of the consolidation, so one can buy it above Rs 1,250 with a stop loss below Rs 1,200 and hold for targets of Rs 1,300 to Rs 1,365 in short-term.
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