HomeNewsBusinessStocksCheck out: Super Six stocks for Sept 11

Check out: Super Six stocks for Sept 11

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Sanjeev Agarwal of Dynamix Research & Capital Management and Manav Chopra of Nirmal Bang, place their bets on two stocks each, thus offering investors a variety of options to choose from.

September 11, 2012 / 09:22 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Sanjeev Agarwal of Dynamix Research & Capital Management and Manav Chopra of Nirmal Bang, 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 Tata Motors is making inverse head and shoulder pattern on the daily chart. Yesterday it closed strong just near to the neckline. Now the possibility is very high that stock can break the neckline and can test Rs 260 in next one or two trading sessions. One can buy it with a stoploss of Rs 244. Power Finance Corporation (PFC) was trading in the range of Rs 162 to Rs 152 for last 7-8 trading sessions, but yesterday it broke this range upside with decent volumes. So now the stock can test Rs 170 in next one or two trading sessions. One can buy it with a stop loss of Rs 160.
  Sanjeev Agarwal of Dynamix Research & Capital Management Balrampur Chini Mills has been taking a very strong resistance around Rs 69. We can buy it only above Rs 69.30 for a target of around Rs 73 to Rs 77 and we can keep a stop loss below Rs 65.
My second stock for today is Wipro. We can buy this stock around Rs 375 and keep a stop loss below Rs 365 and we can look for a target of around Rs 390 to Rs 395.
 
Manav Chopra of Nirmal Bang
RS Software has been a complete outperformer in the markets recently and has been forming a series of higher highs and lows. It has a strong support at Rs 165 on the downside. You can buy it with a stop loss of Rs 162 with targets of Rs 175. Century Textiles has given a breakout from its recent highs accompanied by sharp volumes and with big bullish candle. This further validates a bullish breakout. The stock is also trading above its short-term averages. You can buy it with a stop loss of Rs 332 with targets of Rs 355.
first published: Sep 11, 2012 09:05 am

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