On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Sanjeev Agarwal of Dynamix Research & Capital Management and Manav Chopra of Nirmal Bang, 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 S Kumars Nationwide has made an engulfing bullish pattern on the daily charts, which is a reversal sign so we may see further recovery in the stock and the stock can test Rs 20 in next 2-3 trading sessions. One can buy it with the stop loss of Rs 17.50. Gujarat Fluorochemicals was trading in the range of Rs 365 and Rs 340 for last 6 weeks but yesterday it broke the range upside with higher volumes, so now it can test Rs 390 in next 1-2 trading sessions. One can buy the stock at current levels with a stop loss of Rs 359.
Sanjeev Agarwal of Dynamix Research & Capital Management
My first stock for today is Cummins India. This stock has been making a basing pattern around Rs 450. We can buy it at around Rs 450 and keep a stop loss below Rs 440 for a target of Rs 470 to Rs 485. Reliance Industries has been making a very good pattern for past few days. We can accumulate at current market price and keep a stop loss below Rs 782 for a target of around Rs 820.
Manav Chopra of Nirmal Bang Hexaware Technologies has been a complete outperformer in the markets recently and has been forming a series of higher highs and lows. It has a strong support at Rs 135 on the downside. Buy with the stop loss of Rs 134 with targets of Rs 146. IDBI Bank formed a bearish engulfing pattern near its crucial hurdles of Rs 89 levels. The stock is also currently trading below its long-term averages. Sell with a stoploss of Rs 90 with target of Rs 84.
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