6 stock ideas to liven up your trade

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 PTC India. This stock has a very strong base between the RS 67 and 70 levels and has shown strength by crossing the short term averages. The stock is expected to move upto Rs 78 levels which has resistance from 50 day average, while the stop loss would be at Rs 67.

Buy Shree Renuka Sugars. This stock has multi month base around Rs 55 levels. The stock has shown strength by crossing the short term averages and is expected to move upto the intermediate average at 50 day average, which is at the Rs 64. The stop loss is at Rs 55.

 

Arunesh Madan, Founder and Director of Augment Investment

Reliance Industries has seen a very strong counter trend rally. We would like to ride the momentum. Buy it closer to Rs 800, keep stoploss below Rs 790 and I expect levels of Rs 830 in next 2 days.

I have a short call on TCS as I believe the current pullback in the stock has run its course. Short it at Rs 1030 with stop loss above Rs 1050 and expect Rs 950 in next 5 days.

 

Manas Jaiswal, Technical Analyst of Emkay

Punj Lloyd has taken support at Rs 52 and now it has given a confirmation of higher tops. So one can buy at current levels with stop loss of Rs 52.90 and target is Rs 63.50.

Alok Industries has broken the resistance of Rs 18 and on weekly charts the oscillators are showing positive cross over. Buy at current levels with stop loss at Rs 17.60 and target of Rs 20.