Super Six: Jaiswal, Madan, Jain on their top picks

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Arunesh Madan of Founder and Director of Augment Investment Pvt ltd and Rajesh Jain of 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.

Manas Jaiswal of manasjaiswal.com Dena Bank has taken support near to Rs 104 and bounced back sharply. Oscillators are showing positive crossover so we may see further recovery. The stock can test Rs 111 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 105. Exide Industries was trading in the range of Rs 143-135 for last one month but yesterday it broke this range upside with higher volumes. Now it can test Rs 150. One can buy the stock at current levels with a stop loss of Rs 142.50.
Arunesh Madan, Founder and Director of Augment Investment Pvt ltd Reliance Infrastructure has broken out of a falling trend line placed on its daily chart in yesterday’s trade. Look to buy this stock in the range of Rs 465-470 keeping a stop loss below Rs 460 on a closing basis and going forward we can expect a target of Rs 485-495 in coming days. BPCL has formed a very strong reversal pattern on the daily candlestick charts in yesterday’s trade on the back of very good volumes. Look to buy this stock on any pullback in the range of Rs 325-328, keeping a stop loss below Rs 320 on closing basis and going forward we can expect a target of Rs 340-345 in the coming days.
Rajesh Jain, EVP Retail Research, Religare Securities Bajaj Auto has seen a steady rise this year but recently it was in a small correction and from there it is trying to take a break on the higher side. One can go long in the stock at any correction near Rs 1840-1850 levels keeping a stop loss of Rs 1815 for target of Rs 1950 in coming days. Bharat Forge has faced a correction from above Rs 300 levels till current levels. It is oversold on the daily charts and it has a small resistance near Rs 260 above which it can catch a strong momentum on the higher side. One can buy the stock near Rs 256 keeping a stop loss of closing below Rs 248 for target of Rs 275.