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Super Six stocks you can bet on September 28

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Manav Chopra, Nirmal Bang and Rajesh Jain, Religare Sec, place their bets on two stocks each, thus offering investors a variety of options to choose from.

September 28, 2012 / 09:02 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Manav Chopra, Nirmal Bang and Rajesh Jain, Religare Sec, 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, manasjaiswal.com Chambal Fertilisers and Chemicals is making higher tops and higher bottoms on the daily chart and yesterday it broke the resistance of Rs 74.50 with higher volume. Now the stock can test its July high of Rs 81 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 73. Dena Bank has broken an important resistance of Rs 105 with higher volumes yesterday, so we may see further upmove and the stock can test Rs 112 in next one-two trading sessions. One can buy it with a stop loss of Rs 10
  Manav Chopra, Nirmal Bang India Cement has managed to close decisively above the crucial hurdles of Rs 94 with a big bullish candle accompanied by sharp volumes. This stock is currently trading above its short-term averages. It has a strong support at Rs 94 on the downside. Buy with a stop loss of Rs 93 with target of Rs 102. Dena Bank has been on a sharp uptrend since past few weeks and has managed to close above its recent highs. The stock is also currently trading above short-term averages and has been a complete outperformer in the markets. Buy with a stop loss of Rs 102 with targets of Rs 112.
  Rajesh Jain, Religare Sec
After the vertical rise from Rs 100 odd level to more than Rs 113 level, Dabur India witnessed a minor pause and retraced back to Rs 120 levels. It has been holding that zone from last one week and now is likely to move up. One can buy the stock between Rs 122-124, its important support, keeping a closing stop loss of Rs 120 for higher target of Rs 130. Reliance Infrastructure has recently tested the resistance zone around Rs 570 levels and has formed negative candlestick patterns in last three sessions indicating fresh shorting opportunity on the daily chart. One can go short between Rs 548-550 levels keeping a closing stop loss of Rs 558 for target of Rs 525.
first published: Sep 28, 2012 08:59 am

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