Super Six: Kulkarni, Jadeja, Agarwal on their top picks

On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Vikrant Jadeja of Vibrant Trades and Rajeev Agarwal of dynamixresearch.in, 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

First stock that we will recommend is a buy call in case of Jindal Steel and Power. The stock has taken support at the 61.8 percent retracement support near Rs 380 and I think going forward, you will see a substantial bounce in case of this particular stock. We recommend buying Jindal Steel and Power November futures at Rs 390, place a stop loss at Rs 384 and trade bullish for a target of Rs 405 to Rs 410 in the next six-eight trading sessions.

Second stock that we would recommend is a buy call in case of Ranbaxy. The momentum oscillators on the daily chart clearly suggest the possibility of the stock bouncing towards Rs 560 to Rs 565 in the near future. We recommend buying the November futures contract for Ranbaxy in the range of Rs 532 to Rs 535, place a stop loss at Rs 525 and trade bullish for a target of Rs 560 in the next eight-ten trading sessions.

 

Vikrant Jadeja, Vibrant Trades

My first recommendation for the day is Adani Enterprises. On early charts, we have seen a triangular breakout with volume, which suggests further upside in this counter. Buy Adani Enterprise at current market price with stop loss of Rs 218.50 on closing basis, expect a target of Rs 238 and Rs 243 in short-term future.

Buy GMR Infra at current market price with a stop loss of Rs 19.50 on closing basis, expect a target of Rs 21-22 in short-term as we can expect a good reversal in this counter.

 

 

Rajeev Agarwal, www.dynamixresearch.in

My first call is sell on HDFC Bank. After the strong rally, this heavyweight is now showing weakness and has given negative divergence on daily charts. So one can sell it in the range of Rs 630-635 and keep a stop loss of Rs 645.On lower side, it can correct to Rs 616-602 in short-term.

My second call is sell on Jaiprakash Associates. One can attempt shorts in the range of Rs 90 and keep a stop loss above Rs 93. On lower side, it may correct around Rs 86-82 in short-term.