On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Arunesh Madan of Augment Investment and Shardul Kulkarni, Angel Broking, 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 My first pick is BHEL. After six days fall yesterday it took support and bounced back sharply. On the daily chart it made a hammer pattern and oscillators are showing positive crossover. So now it can correct its recent fall and can test Rs 245 in couple of trading sessions. One can buy it with a stop loss of Rs 227. My second pick is Ashok Leyland. The stock is making higher tops and higher bottoms on the daily chart and yesterday it broke an important resistance of Rs 32 with higher volumes. So I think this rally will continue and stock can test Rs 34.50. One can buy it with a stop loss of Rs 31.50. Arunesh Madan of Augment Investment I have a sell call in PNB in the range of Rs 845-850 with a stop loss being placed above Rs 865 levels on a closing basis. In yesterday’s trade the stock has broken down from a head and shoulder pattern with decent volumes. Look for a target of Rs 800 to be tested in the next two trading sessions. I have a sell call in Hero Motocorp in the range of Rs 2,175-2,190 with a stop loss being placed above Rs 2,250 levels on a closing basis. What we have seen is that the stock has not been able to decisively break and close above Rs 2,250 levels in the last six to eight months of trading and after touching a level of Rs 2,250, the stock has come back and tested a level of Rs 1,800-1,850.Shardul Kulkarni, Angel Broking The first stock that we would recommend for today is Reliance Industries. Buy it above Rs 749. Stop loss should be placed at Rs 733 and the target on the upside is at Rs 786. The recommended timeframe is around three to five trading sessions. The second stock suggested for trading is Indiabulls Real Estate. You sell Indiabulls Real Estate May Futures below the levels or Rs 62, place a stop loss at Rs 64 and the target price on the lower side is at Rs 57. The timeframe for the call is around four to six trading sessions.
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