Super Six: Hemen, Nooresh, Arunesh on their top picks

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Nooresh Merani, AVP Technical, 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, CEO, chartpundit.com

My first pick for today is Bank of India. It is a buy call. The script continues to post progressively higher tops and bottoms. The mechanical indicators are supporting the move and script has posted a fresh 6-month high. One can buy at Rs 396 with a stoploss of Rs 392 and target of Rs 404. It is a shorter term call valid from an intraday point of view.

My second pick is Aurobindo Pharma. It is a sell call. The script has reflected weakness by giving a downward breakout on the intraday charts. The mechanical indicators are supporting the move indicating a further downside. One can sell it at Rs 118 with a stoploss of Rs 120 and target of Rs 114. It is a shorter term call valid from an intraday point of view.

 

Nooresh Merani, AVP Technical, AMSEC Research

My first stock call is a buy on Bombay Burmah Trading Corp with target of Rs 520 and stoploss at Rs 420. It is the holding company for the Wadia group and over the last few weeks we have been seeing huge volumes as well as the stock has been fluctuating between Rs 420-460.

My second stock call is a buy on Nava Bharat Ventures with target of Rs 245 and stoploss at Rs 205. The stock has been consolidating for last many months and at a resistance around Rs 210 levels. The stock has broken above this level yesterday and has seen strong volumes over last 2-3 days.

 

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a buy call in OBC in the range of Rs 309-312 with stoploss below RS 305. The stock after moving in a range of Rs 295-312 has broken above this range. Look for a target of Rs 320-325 in coming days.

I have a buy call in Adani Power in the range of Rs 91-91.50. The stock has broken above Friday's intraday high of Rs 90.70 and traded above that level for most of Tuesdays session. Look for a target of Rs 97-99 and stoploss can be placed below Rs 88.