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6 stock ideas to liven up your trade

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.

January 29, 2013 / 16:30 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 Sun TV Network. The stock has managed to exceed its previous week highs with a big bullish candle accompanied by sharp volumes. The oscillators on the daily and the weekly chart continue to remain in the buy mode which suggests that the advance is not yet done and one can expect further rallies in the near-term. The stock is also currently trading above its short-term averages and has a very strong support at Rs 450 on the downside. One can maintain a stop loss of Rs 445 for an upside target of Rs 490.
My next pick is Yes Bank. The stock has been a complete outperformer in the markets recently and has breached a falling resistance line drawn from its recent highs. The breakout has accompanied by big bullish candle and also there has been very good volumes in this breakout. The stock has a very strong support at Rs 520 on the downside. One can maintain long positions with a stop loss of Rs 510 for an upside target of Rs 550.
Vikrant Jadeja, vibrantraders.com LIC Housing Finance has made a top around the level of Rs 300 and it has retraced back to the levels of Rs 270. Now, this stock is ready to move upwards. We have seen a trendline breakout with increased volumes on early charts, which indicates that further higher levels may emerge in this counter soon. Buy LIC Housing Finance January futures around Rs 284-285 with a closing stop loss of Rs 280. Expect a target of Rs 293 to Rs 294 in next two-three trading sessions. Dabur India has given a breakout on daily charts. After a good amount of consolidations, which indicates that certain kind of higher levels may be seen in this counter soon. We may see some kind of highs in this counter also. Buy Dabur around Rs 131.50 with a closing stop loss of Rs 128, expect a target of Rs 136-137 in next three-four trading sessions.
  Manas Jaiswal of manasjaiswal.com Yes Bank has made a triple bottom on the daily charts and yesterday it witnessed good buying interest. Now, it can test its previous high of Rs 545 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 512. United Spirits was trading in the range of Rs 1,840-1,740 for the last seven-eight trading sessions but yesterday it broke this range upside with higher volumes. So, now the stock can test Rs 1,900 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 1,814.
first published: Jan 29, 2013 09:05 am

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