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6 stock ideas to liven up your trade

Manas Jaiswal of manasjaiswal.com recommends buying DLF at current levels with a stop loss of Rs 195 and buying Adani Enterprises with a stop loss of Rs 207.

June 06, 2013 / 08:55 IST
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On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Manas Jaiswal of manasjaiswal.com and Shardul Kulkarni of Angel Broking, 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.

Arunesh Madan of Augment Investment
Buy Hexaware Technologies at the current market price as the stock has formed a bullish pattern on the daily candlestick chart in Tuesday's trade and besides the stock has got a very strong support in the region of Rs 76-77. Keep a stop loss below Rs 77 level on closing basis and going forward one can expect a target of Rs 85 and Rs 87. HCL Technologies has got strong support closer to a level of Rs 720 and the stock has rebounded three times from that level including a rebound on Tuesday. Hundred-day moving average of the stock is also placed around Rs 720 level, which should provide good support. The stock can be bought at the current market price; keep a stop loss below Rs 720 level and going forward one can expect a target of Rs 740 and Rs 760. Manas Jaiswal of manasjaiswal.com DLF has made bullish engulfing pattern on the daily chart and oscillators are showing positive crossover. So, we may see a recovery. The stock can test Rs 205 in the next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 195. Adani Enterprises has made a morning star pattern on the daily chart and oscillators are showing positive crossover. So, one may see a recovery. The stock can test Rs 225 in next two-three trading sessions. One can buy it with a stop loss of Rs 207. Shardul Kulkarni of Angel Broking
I have a sell call on Tata Steel June Futures. The placement of the momentum oscillators on the daily chart as well as the candlestick pattern formed in the previous three-four trading sessions suggests further downside over the next couple of trading days. We recommend selling the June Futures contract below the level of Rs 297, place a stop loss at Rs 303 and trade bearish for a target of Rs 280 over the next six-eight trading sessions.
I have a buy call on Oracle Financial Services Software. It has given a strong breakout in case of Tuesday's trading session. We recommend buying the stock on declines towards Rs 2,670, place a stop loss at Rs 2,600 and trade bullish for a target of Rs 2,850 over the next four-six trading sessions.
first published: Jun 6, 2013 08:50 am

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