6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Sanjeev Agarwal, CEO, Dynamix Research 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, Technical Analyst, manasjaiswal.com

Hindalco witnessed good buying interest at lower levels yesterday and made a hammer pattern on the daily chart which is a reversal sign, so we may see further recovery in the stock and it can test Rs 117 in the next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 110.

Tata Motors broke the neckline of inverse head and shoulder pattern on the daily charts which is a bullish sign, so now the stock can test Rs 260 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 239.

 

Sanjeev Agarwal, CEO, Dynamix Research

ICICI Bank has been showing very positive patterns and we can buy it at current market price for a target of Rs 995 to Rs 1,000 with a stop loss below Rs 958.

Yesterday Reliance Capital had given a breakout above Rs 365. We can buy it at current market price and any pullback towards Rs 365 with a stop loss below Rs 360 for a target of Rs 380 to Rs 385.

 

Rajesh Jain, Religare Sec

After a strong recovery from bottom BHEL has been trading sideways between Rs 226-235 level for the past more than two weeks and now it’s likely to witness a break on the higher side. One can buy the stock between Rs 230-232 levels keeping a closing stop loss of Rs 228 for target of Rs 242.

Havells India has been falling for some time and then the stock took a counter rally and now has again started falling. Yesterday when the Nifty went up the stock closed near the lows. One may short the stock between its resistances of Rs 545-547 levels, keeping a closing stop loss of Rs 552 for target of Rs 535.