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6 stock ideas to liven up your trade

According to Manas Jaiswal of manasjaiswal.com one can buy Ranbaxy Laboratories at current levels with stop loss of Rs 335.

July 03, 2013 / 08:58 IST
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On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Manas Jaiswal of manasjaiswal.com and Aditya Agarwal of Way2Wealth Securities, 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
I have a buy call on Bharti Airtel. The stock has closed above an important resistance level of Rs 300 and the placement of the momentum oscillators as well as the pattern on the daily chart suggests further upside over the next few trading sessions. We recommend buying the stock above the levels of Rs 307, place a stop loss at Rs 299 and trade bullish for a target of Rs 320 over the next three-five trading sessions.
I have a sell call on DLF. The market has moved higher significantly over the last couple of trading sessions, DLF continues to be in a lower top-lower bottom cycle on the daily chart. The candlestick pattern in yesterday’s trading sessions as well as the placement of the moving averages suggests that the next few trading sessions implies downside for the counter. We recommend selling the July Futures contract of DLF with a stop loss of Rs 190.50 for target of Rs 175 over the next six-eight trading sessions. Manas Jaiswal of manasjaiswal.com
After making a strong base near to Rs 310 Ranbaxy Laboratories bounced back sharply and broke the resistance of Rs 330 with higher volumes. So, now we may see further recovery. The stock can test Rs 365 in next three-four trading sessions. Therefore, one can buy the stock at current levels with stop loss of Rs 335. Bata India has broken the resistance of Rs 850 with higher volumes and started making higher tops and higher bottoms on daily chart. So, one may see further recovery. The stock can test Rs 895 in next three-four trading sessions. One can buy the stock at current levels with a stop loss of Rs 835. Aditya Agarwal of Way2Wealth Securities
I have a buy call on Titan Industries. The stock has corrected sharply in first week of June after that a good consolidation at lower level was seen. The stock was consolidating in the range of Rs 216 to Rs 230 for the last couple of weeks. In yesterday session one has seen good breakout above Rs 230 and with this the stock has added almost 8 percent shares in open interest on long side. So, we are expecting that the rally may continue in Titan. On higher side the stock may see another 5-6 percent rally from current levels and it may test Rs 250 to Rs 255 levels. So, at the current levels one can go long in Titan with a target of Rs 255 and stop loss will be Rs 224.
I have buy call on ICICI Bank. Yesterday ICICI Bank has given a good breakout above its resistance zone of Rs 1,078-1,079 and it has closed above that. This stock has also added 6 percent shares in open interest on long side. We are expecting that buying may continue in ICICI Bank and on higher side the stock may test Rs 1,122-1,125 levels. At current levels one can go long keeping a stop loss of Rs 1,065 and target of Rs 1,120 and Rs 1,125.
first published: Jul 3, 2013 08:58 am

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