On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Securities, Vikrant Jadeja, vibranttrades.com and Vishal Malkan, 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.
Rajesh Jain, Religare Securities Adani Enterprises tested its declining trend line on Tuesday, but failed to pass it and fell down sharply. One can go short in the stock at any counter rally between Rs 218-220 keeping a stop loss of Rs 224 for lower target of Rs 205. Indian Oil Corporation (IOC) took a big support between levels of Rs 270-300. After that the stock moved higher. One can now go long in the stock between the levels of Rs 305-307 which is now its important support keeping a closing stop loss of Rs 302 for higher target of Rs 320 plus in coming days. Vikrant Jadeja, vibranttrades.com On the daily charts of Bajaj Auto we have seen that some kind of bullish engulfing candlestick pattern has emerged in the last trading sessions which suggest that some kind of higher levels can be expected in this counter in coming sessions. Buy Bajaj Auto at current market price with stop loss of Rs 1,770 and expect a target of Rs 1,850 in the next one-two trading sessions. On the daily charts of State Bank of India (SBI) we have seen some kind of bearish engulfing candlestick pattern has formed on daily charts, which indicates that some kind of lower levels could be expected due to some kind of bearishness in coming sessions. Sell SBI Futures around Rs 2,290 with closing stop loss of Rs 2,340. Expect a target of Rs 2,210 in the next one-two trading sessions. Vishal Malkan, malkansview.com My first pick is Financial Technologies. It has given a smart move on Tuesday with good volumes. Price has started tagging the upper Bollinger band. I recommend a buy with a stoploss of Rs 790 for targets of Rs 815-820. My second pick is Tata Steel. After some consolidation at levels of Rs 290-300 it started forming some bullish patterns. I recommend a buy with a stoploss of Rs 304 for targets of Rs 315-319.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!
