6 stock ideas to liven up your trade

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Nooresh Merani of AMSEC Research and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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

First pick is Bata India, it is a buy call. The stock has given a mini breakout on the intraday charts. The mechanical indicators are supporting a move. It's a series of progressively higher tops and bottoms continue and the script has posted a fresh 10-12 trading session high indicating a further upside. One can buy it at Rs 691 and stop loss of Rs 687 and target of Rs 699 with a shorter term call valid from an intraday point of view.

Buy call on Asian Paints. Stock has reflected strength by posting a fresh 3 month high needless to say most of the mechanical indicators are supporting the move. The stock is also quoting above the 55 day exponential moving average indicating it's intension to appreciate further from here. Buy at around Rs 3060, stop loss of Rs 3040 and target of Rs 3100. This is an intraday call valid from a short term point of view.

 

Nooresh Merani of AMSEC Research

Buy on BGR Energy with a target price of Rs 270 and stop loss of Rs 248. the stock has broken out above its recent resistance of Rs 250. I expect the momentum to last another couple of sessions. So one can take a strict trade with a view 2-3 sessions.

Buy on Escorts if it crosses above Rs 85.50 levels. The stock has given a good bottoming out formation over the last few months. The recent top around Rs 84-86 has been giving a bit of resistance. So once the stock crosses Rs 85.50 one can initiate a trade keeping a stop loss at Rs 84 and a target price of Rs 90 with a view of 2-3 sessions.

 

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a buy call on BGR Energy. The stock has given a breakout above the previous intermediate peak of Rs 254. In yesterday's trade the stock consolidated and traded above this level. Look to buy the stock in the region of Rs 255-257, stop loss below Rs 250 and target of Rs 270 in next 2 days.

I have a buy call on Allahabad Bank. Like bank nifty it has broken above its previous intermediate top of Rs 180. The stock also did manage a close above that level. Look to buy in the region of Rs 179-181, stop loss below Rs 176 and target of Rs 187-188 in next 2 days.