On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Rajesh Jain of Religare Securities and Vishal Malkan of malkansview.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.
Vishal Kshatriya of EdelweissMy first pick for the day is going long on Divis Laboratories. The stock has given breakout with good volumes on its daily chart. Technical oscillators are also trading with positive bias. Derivatives data indicates long build-up in the stock. I would recommend traders to go long at current market price with target price of Rs 1,060 maintain stop loss below Rs 970.
My second pick for the day is going short on Oriental Bank of Commerce (OBC). The overall trend in the stock is negative which is depicted by formation of lower tops and lower bottoms on its daily as well as weekly chart. Open interest data of previous trading session indicates aggressive short build-up in the stock. I would recommend traders to go short at current market price with a target price of Rs 190 and Rs 185, keep a stop loss above Rs 208. Rajesh Jain of Religare Securities
In the uncertain market it makes sense to even look at FMCG. Hindustan Unilever (HUL), after correcting from Rs 632 level to the current price of Rs 596, is near to its important support zone. One can buy the stock at its current price keeping a closing stop loss of Rs 590 for a higher target of Rs 610. UltraTech Cement is among the few cement stocks that is trading near to its all-time highs. After breaking about its 100 days exponential average on the daily chart the stock has been trading in a range. This range was breached yesterday when the stock went higher. One can buy the stock at its current price keeping a closing stop loss of Rs 1,900 for higher target of Rs 2,050 to be achieved in coming trading sessions. Vishal Malkan of malkansview.com
My first pick is Lupin. It has broken out of a bullish pattern called flag on a daily chart, hourly momentum is bullish. I recommend a buy with a stop of Rs 848 for targets of Rs 865 and Rs 875. Titan Industries has managed to close above the resistance of Rs 240 after many days. It has started tagging the upper Bollinger band on daily chart. I recommend a buy with a stop of Rs 238 for targets of Rs 248 and Rs 252.
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