6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Arunesh Madan, Founder and Director of Augment Investment Pvt ltd and Rajesh Jain, EVP Retail Research, Religare Sec, 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.

Shardul Kulkarni of Angel Broking
In yesterday’s trading session Bank of Baroda has given a decent run up and we feel that the positive momentum is likely to continue. Thus we recommend buying Bank of Baroda June futures in the range of Rs 675-670. The stop loss on the lower side should be placed at Rs 662 and the target price that we are looking out for is Rs 710. Timeframe for the call is one to two trading sessions.
In case of yesterday’s trading session we have seen that Rashtriya Chemicals Fertilizers (RCF) has taken resistance in the range of Rs 58.50. We recommend buying the stock above Rs 58.50 with a stop loss of Rs 57 and a target price of Rs 62 in the next four to six trading sessions.
Arunesh Madan, Founder and Director of Augment Investment Pvt ltd
Buy Allahabad Bank at the current market price as the stock has completed a five leg decline from a level of Rs 210. In yesterday’s trade the stock has formed an engulfing bullish pattern on the daily candlestick charts. On the back of very good volumes they have got a sharp increase in the open interest with a positive cost of carry. Look for a first target of Rs 135 in the coming days and keep a stop loss below Rs 125.90 on a closing basis.
Sell Jubilant Foodworks at the current market price with a stop loss being placed above the Rs 1220 levels on a closing basis. The stock has seen a sharp pullback rally from a level of Rs 1135-1195 in yesterday’s trade. Look to short these rallies for a target of Rs 1080 in the coming days.
Rajesh Jain, EVP Retail Research, Religare Sec
Banking stocks had a very good rally yesterday. Oriental Bank closed near its high on good volumes. One can buy the stock at its current price keeping a closing stop loss of Rs 223 for higher target of Rs 238.
Mcleod Russel closed sharply high at yesterday and closed above its resistance zone of Rs 282-284. One can buy the stock between Rs 282-284 zone keeping a closing stop loss of Rs 276 for higher target of Rs 300.