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Super Six stocks you can bet on Jan 28

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 / 16:29 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
Buy Berger Paint. The stock has been in a very strong uptrend forming a series of higher highs and lows. The counter has managed to exceed its recent swing high, which confirms the continuation of the uptrend. The stock is also currently trading above its short-term averages and the volumes have also been very supportive. The counter has a very strong support at Rs 172 on the downside. One can buy this stock with a stop loss of Rs 170 and a target of Rs 185.
Buy Mahindra and Mahindra (M&M). The stock after a sharp decline has taken support at its long-term averages and has formed several reversal candlesticks, which is a bullish signal. Momentum indicators on the daily chart from the oversold territory have entered into a buy mode which suggests that in the near term there can be a short-term rally on the upside. The stock has a very strong support at Rs 880 on the downside. One can buy with a stop loss below Rs 880 for an upside target of Rs 930.
Vikrant Jadeja, vibrantraders.com
Buy HDFC Bank. This stock has fallen from the levels of Rs 705 to almost Rs 650 in last 1.5 months. Currently stock is trading around Rs 660. Stock has consolidated in a range and now it is ready for a breakout on the upside in next coming sessions. Buy HDFC Bank around Rs 665 with closing stop loss of Rs 658, expect a target of Rs 676 and next target of Rs 680 in next three-four trading sessions.
Buy India Cements. This counter has fallen from the levels of Rs 95 to Rs 85 in last few sessions. It has consolidated in a range and now it is ready for a breakout on the upside. Buy India Cement around Rs 87.50 with stop loss of Rs 85.50 and expect a target of Rs 92.50 in three-four trading sessions.
  Manas Jaiswal of manasjaiswal.com
Buy Unitech. It has made a piercing pattern on the daily chart and oscillators are showing positive crossover. So now stock can test its previous high of Rs 41 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 34.50.
Buy DLF. It is making higher tops and higher bottoms on the daily chart. On Friday it witnessed good buying interest at lower levels. Now it can break its previous high of Rs 263 and can test Rs 275 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 253.
first published: Jan 28, 2013 09:22 am

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