On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Manav Chopra, Nirmal Bang and Rajesh Jain of 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 of manasjaiswal.com
After a sharp fall, Praj Industries has taken support last week and made some reversal patterns, so we may see further recovery in the stock and it can test Rs 52 in next 3-4 trading sessions. One can buy the stock at current levels with a stop loss of Rs 46. Jain Irrigation has made a morning star pattern on the weekly charts, so we may see a recovery and the stock can test Rs 75 in next 3-4 trading sessions. One can buy it with a stop loss of Rs 64.50.
Manav Chopra, Nirmal Bang Aditya Birla Nuvo has breached crucial hurdles of Rs 820 with big bullish candles accompanied by sharp volume. The stock is also currently trading above its short-term and long-term averages. It has a strong support at Rs 835 on the downside, buy with the stop loss of Rs 830 with target of Rs 905. HDFC Bank has been a complete outperformer in the markets recently and has been forming a series of higher highs and lows. The stock is also currently trading above its short-term averages. One can maintain a buy on dips approach with stop loss of Rs 615 with target of Rs 655.
Rajesh Jain of Religare Sec Tech Mahindra has been moving higher and higher in the last one month. One can buy the stock near Rs 900-910 levels, keeping a closing stop loss of 895 for higher target of Rs 950. Voltas is near to its 6-month high has taken a good break higher on Friday. One can buy the stock at any correction near Rs 121-123 levels keeping a closing stop loss of Rs 120 for higher target of Rs 130.
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