On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Vikrant Jadeja of Vibrant Trades and Manas Jaiswal of manasjaiswal.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.
Shardul Kulkarni of Angel Broking
First stock that we will recommend is a buy call in case of Hindalco Industries. The chart structure of Hindalco suggests that the stock has good support near Rs 110 mark and buying is observed near Rs 113-114. We recommend buying in the same range between Rs 113 to Rs 114, place a stop loss at Rs 109 and trade bullish for a target of around Rs 125 over the next 7-10 trading sessions.
The second stock that we will recommend is a buy call on in case of Rural Electrification Corporation (REC). The chart structure of REC shows a flag breakout above the levels of Rs 224. Buy REC above Rs 224, place a stop loss at Rs 218 and trade bullish for a target of Rs 238 in the next 6-8 trading sessions.
Vikrant Jadeja of Vibrant Trades
My first trade idea for the day would be Hindustan Unilever (HUL). We have seen that HUL has fallen from the levels of Rs 580-525 and now formed a base around the level of Rs 525. We can expect a good reversal in this counter. Buy it at current market price with stop loss of Rs 526 on closing basis and expect a target of Rs 555 in next 6-7 trading sessions.
My second trade idea for the day would be from the Sintex Industries. Daily chart structure suggests that as per price and volume indications the good reversal is expected in this counter soon. Buy the stock at current market price with stop loss of Rs 64 on closing basis. Expect a target of Rs 72 and next target of Rs 75 in next 7-8 trading sessions.
Manas Jaiswal of manasjaiswal.com Idea Cellular is making higher tops and higher bottoms on the daily charts. Yesterday it broke the resistance of Rs 90 with higher volumes. So now it can test Rs 95 in next 1-2 trading sessions. One can buy the stock at current levels with a stop loss of Rs 89.
After making a strong base near to Rs 53 Vijaya Bank bounced back sharply and broke the resistance of Rs 56 with higher volumes. So now it can test its previous high of Rs 59 in next 1-2 trading sessions. One can buy the stock at current levels with a stop loss of Rs 54.50.
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