On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO of chartpundit.com, Rajesh Jain, EVP Retail Research, Religare Sec and Sanjeev Agarwal, CEO, Dynamix Research & Capital Management, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read in the detailed analysis before agreeing to any or all the bets.
Hemen Kapadia, CEO of chartpundit.com Aban Offshore has posted a higher top, higher bottom on the weekly chart, infact the stock has also posted a fresh 11 week high. The stock is looking strong on the daily & weekly charts. Simply put one can buy it for the short term at around Rs 426 with a stop loss of Rs 421 and a target of Rs 436. This is a shorter term call valid more from an intraday point of view. Adani Enterprises has reflected strength. It has posted a fresh three week high, most of the mechanical indicators turning positive & signaling a buy after showing some amount of positive divergence. It looks like a great short term pick. Keeping that in mind one can buy it at around Rs 480 with a stoploss of Rs 476 and target of 488. This is a shorter term call valid from an intraday point of view.
Rajesh Jain, EVP Retail Research, Religare Sec Tata Motors having had a very good rally and is likely to face resistance on weekly charts. One can short the stock between Rs 209-213 levels, which is at a strong resistance keeping a stop loss of Rs 216 for lower target of Rs 195. Aban Offshore closed at a 2 month high on good volumes. It has also made a double bottom formation but since markets are over bought in short term one should wait for correction to re-enter the stock. One can accumulate Aban between Rs 412-416 levels keeping a stop loss of Rs 400 for higher target of Rs 450 plus in coming days.
Sanjeev Agarwal, CEO, Dynamix Research & Capital Management IVRCL is continuously falling from above Rs 200 & has fallen close to Rs 35, now it has been showing sign of accumulation and a breakout. One can buy at current market price between Rs 42-41 for a target of Rs 46-50 with a stoploss below Rs 37 on closing basis. Punj Lloyd - after falling continuously has taken a strong support between Rs 52-55 and now is showing some sign of revival. One can buy it above Rs 57 for a target upto Rs 62 with a stop loss below Rs 55 on a closing basis.
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