6 stocks that should do well today

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia of chartpundit.com, Manas Jaiswal of manasjaiswal.com and Arunesh Madan of Augment Investment, 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.

Hemen Kapadia, chartpundit.com

My first pick for today is Adani Enterprises. It is a buy call. Stock has reflected strength from bouncing back from oversold situation, the stock is still slightly oversold though. You have strength in terms of the intraday mechanical indicator, it has also given a mini breakout on the half an hour chart.

My second pick for today is Bata India. It is a buy call. The stock has staged a brilliant intraday turnaround, in fact it has resulted in an upward bar reversal on a higher volume indicating the possibility of a further upside coming in from here. One can buy Bata India at around Rs 858 with a stop loss of Rs 853 and the target of Rs 868. It is a shorter-term call valid more from an intraday point of view.

 

Manas Jaiswal of manasjaiswal.com

Yesterday SAIL broke the neckline of inverse head and shoulder pattern, which is a bullish sign. Now stock can test its 200 day moving average (DMA) which is placed at Rs 108. So, one can buy this stock at current levels with a stop loss of Rs 97.

My next call is on BGR Energy. Yesterday it took support at 200 DMA and bounced back sharply. Now we will see further recovery in the stock and it can test Rs 378 in couple of trading sessions. One can buy the stock at current levels with a stop loss of Rs 346.

Arunesh Madan of Augment Investment

I have a buy call on Infosys in the range of Rs 2,320 to Rs 2,330 with a stop loss being placed below the Rs 2,250 levels on a closing basis. The stock in yesterday’s trade showed signs of forming a bottoming out process by taking a very strong support closer to a level of Rs 2,200. 

I have a sell call in Axis Bank in the range of Rs 1,115 to Rs 1,120 with a stop loss being placed above Rs 1,135 levels on a closing basis. In yesterday’s trade the stock broke below a very significant support level of Rs 1,115 and closed below it, look for a target of Rs 1,090 to be tested sometime during the session today.