6 trading bets that can fetch you handsome returns

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rajeev Agarwal of www.dynamixresearch.in and Arunesh Madan of Augment Investment, 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.

Manas Jaiswal, manasjaiswal.com

Adani Power has witnessed good buying interest yesterday. Oscillators are showing positive crossover on the daily charts. We may see a sharp up move. Stock can test Rs 53 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 47.

Siemens is making higher tops and higher bottoms on the daily charts and yesterday it broke the resistance of Rs 570 with higher volumes. Now stock can test Rs 595 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 564.

Rajeev Agarwal, www.dynamixresearch.in

Sell Jubilant Foodworks. After a long time it has broken a strong support below Rs 1060 level, so one can attain shorts in the range of Rs 1050 with a stop loss above Rs 1150 on closing basis. My initial target is Rs 940 and next logical target is Rs 840 in short-term.

Sell Yes Bank. One can attain shorts here with a stop loss above Rs 515 on closing basis and hold for lower targets in the range of Rs 485-470 in short-term.

 

Arunesh Madan, Augment Investment

Yes Bank has completed close to 62 percent retracement of its fall from Rs 535 to 420 levels. The stock is now facing multiple resistances in the region of Rs 510-511. In my opinion the sea wave to the downside should start if the stock is not able to close above the Rs 511 levels. Short this stock in the region of Rs 505 to Rs 508, keep a stop loss above Rs 512 and look for a target of Rs 490 and Rs 475.

Maruti Suzuki has not been able to close successively above Rs 1700 during the last week. Though during the intraday session, the stock did manage to go above Rs 1700. Look to short this stock in the region of Rs 1675-1685, keep a stop loss above Rs 1700 on closing basis and we can expect a target of Rs 1640-1600 in the coming day.