On CNBC-TV18's show Super Six, market gurus Rajeev Agarwal of dynamixresearch.in, Manas Jaiswal of manasjaiswal.com 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.
Rajeev Agarwal of dynamixresearch.in Canara Bank has moved quite strongly in the past but is still showing a strong momentum. So one can buy it if it sustains above Rs 492 and keep a stop loss below Rs 478. My initial target is around Rs 510 and next logical target should be around Rs 530 in short-term.Buy Escorts. After showing breakouts above Rs 70 it is now taking pullback near Rs 70. One can buy it with closing stop loss below Rs 65 and hold for targets of Rs 75-80 in short-term.
Manas Jaiswal of manasjaiswal.com
Buy Canara Bank. From last 15 days Canara Bank was facing a resistance near to Rs 490 but yesterday it broke this resistance with higher volumes. So now we may see a sharp up move. Stock can test Rs 505 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 485.
Buy LIC Housing Finance. It is making higher tops, higher bottoms and yesterday it broke the resistance of Rs 290 with higher volumes. So now it can test Rs 300 in next two-three trading session. One can buy the stock at current levels with a stop loss of Rs 286.
Vishal Malkan of malkansview.com
Sell Sesa Goa. It has formed some bearish candlestick pattern on daily charts. Hourly momentum is bearish. I recommend a sell with a stop loss of Rs 195 for targets of Rs 188 and Rs 184.
Buy Idea Cellular. It had a huge breakout yesterday with good volumes that’s gone above the resistance of Rs 105 with good volumes. I recommend a buy with a stop loss of Rs 102 and target of Rs 108-110.
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