On CNBC-TV18's new show Super Six, market gurus Parag Doctor of Motilal Oswal, Arunesh Madan, Founder and Director of Augment Investment and Manas Jaiswal, Technical Analyst of Emkay, 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.
Parag Doctor of Motilal Oswal
We at Motilal Oswal Securities would like to recommend to buy BGR Energy Systems. This stock has developed support around Rs 300-310 levels and has shown strength by crossing the 20 day average. The stock is expected to move upto the Rs 360 levels and stoploss around Rs 315 levels.
We would also like to recommend to buy Biocon. This stock has developed support for the last 6 months around Rs 320. The stock has shown strength by crossing the 20-day average and is expected to show a corrective upmove upto 200 day average which is around Rs 360 and stop loss would be Rs 325.
Arunesh Madan, Founder and Director of Augment Investment Yes Bank has seen a very string a counter trend rally. We would like to use this strength in a stock as an opportunity to create short positions. Sell the stock closer to a level of Rs 283 with a stop above Rs 290 and look for a target of Rs 250 in coming days. This is a positional sell call.
I have a buy on IOC. After falling from a level of Rs 345 the stock has taken a very strong support around Rs 305 levels. Look to buy the stock around Rs 315 with stop loss below Rs 309 and target of Rs 329 till this Friday.
Manas Jaiswal, Technical Analyst of Emkay SAIL is continuously taking support near Rs 100 mark for last 15-20 trading sessions. Now it has broken the resistance of Rs 113 with good volumes. So buy at current level with stoploss at Rs 110 and target of RS 120 for intraday. Raymond has broken the neckline of inverse head and shoulder pattern yesterday with good volumes. So one can buy the stock at current levels with stop loss at Rs 353, target should be around Rs 375.
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