On Super Six, a CNBC-TV18 show, market gurus Hemen Kapadia, CEO of chartpundit.com, Parag Doctor of Motilal Oswal Securities and Shrikant Chouhan, VP Technical Research at Kotak Securities place their bets on two stocks each that can potentially make money. Investors can read into the detailed analysis before agreeing to any or all the bets.
Hemen Kapadia, CEO of chartpundit.comBuy HCL Technologies. It has reflected strength by giving an upward bar reversal on the daily chart. It has closed above the 21-day exponential moving average. It looks like a great short term buy. One can buy at Rs 412 with a stoploss of Rs 408 and target of Rs 420. This is a short term call valid from an intraday point of view.
Buy JSW Steel. It has reflected strength by posting higher top higher bottom on the hourly charts. Infact the hourly MACD has signaled a buy. The stock looks good from a short term point of view. Keeping that in mind one can buy it at Rs 586 with a stoploss of Rs 581 and target of Rs 596. This is a short term call valid from an intraday point of view.
Parag Doctor of Motilal Oswal Securities
We at Motilal Oswal Sec would like to recommend to buy HPCL. This stock has shown signs of bottoming out around Rs 330-335 levels after significant correction from Rs 390. Stock is expected to move upto Rs 360 with a stoploss at Rs 330.
We would like to recommend to sell Hindustan Zinc. This stock is in a downtrend and is expected to fall to Rs 112 level which is a recent support with a stoploss at Rs 124.
Shrikant Chouhan, VP Technical Research at Kotak Securities
We are recommending to buy VIP Industries at CMP of Rs 950-955 with a target of Rs 980-1000 on the higher side. The stock is continuously attracting volumes and fresh buying around Rs 930-945 levels. So it looks like stock is into strong hands and we can expect upward movement in short span of time. So we can keep a stop loss at Rs 920 and trade long.
The way Tata Steel recovered from Rs 420 to 445 it look like there is a clear cut buying interest in the market for the stock. We can expect Rs 475-480 in near term. We can trade long at CMP more on declines around Rs 430-435 with stoploss Rs 420 on a closing basis.
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