On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Aditya Agarwal of Way2Wealth Securities and Shardul Kulkarni of Angel Broking, 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.
Manas Jaiswal, manasjaiswal.com Sterlite Industries has made a bullish engulfing pattern on the daily chart and oscillators are showing positive crossover. So we may see a recovery. The stock can test Rs 88 in next two-three trading sessions. One can buy this stock at current levels with a stop loss of Rs 82. Tata Power has made a morning star pattern on the daily charts and oscillators are showing positive crossover. We may see a recovery. The stock can test Rs 90 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 84. Aditya Agarwal, Way2Wealth Securities My first stock call would be to buy Karnataka Bank. It has corrected by almost 15 percent in last couple of trading sessions, but last week we have seen a good consolidation in Karnataka Bank. On Friday, we have seen a good breakout above Rs 112-113 levels in Karnataka Bank. From theses levels we are expecting a short covering in Karnataka Bank which may take it towards Rs 122-123 levels. One can initiate long position at current levels keeping a stop loss of Rs 108. On higher side target will be Rs 122. We have seen Hexaware Technologies trading in a range of Rs 75 and Rs 86 for last couple of weeks, but on Friday we saw good breakout above Rs 85-86 levels and with this we have seen long positions getting built up in Hexaware. From these levels, we are expecting a fresh rally in Hexaware which may take the stock towards Rs 95-96. At current levels, one can initiate long positions in Hexaware with a target of Rs 95 and a stop loss of Rs 83. Shardul Kulkarni, Angel Broking The first stock that we will recommend is a buy call with regards to Aurobindo Pharma. The chart structure shows a high probability of a trend line breakout above the levels of Rs 182. Buy the stock above Rs 182, place a stop loss at Rs 176 and trade bullish for a target of Rs 195 over the next six-eight trading sessions. The second stock that we will recommend is a sell call with regards to Hindalco July Futures. Metal counters have been underperforming the market over the last couple of trading days and we see that the current rise can be used as a good opportunity to create fresh shorts in the metal counters. Thus we recommend selling Hindalco in the range of Rs 101-102 on the July futures contract. Place a stop loss at Rs 104 and trade bearish for a target of Rs 92 over the next 2-2.5 weeks.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!