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.com JSW Steel has reflected strength on the hourly charts. It has posted a higher top higher bottom on the hourly charts. It seems like a great short term buy. One can buy at Rs 586 with a stoploss of Rs 581 and target of Rs 596. This is a shorter term call valid from an intraday point of view.Buy Bank of India. It has shown strength on the hourly charts, mandatory higher top higher bottom scenario, breakout support and moving averages. It has closed above the Rs 55 day exponential moving average simply put a great short term buy. One can buy at Rs 342 with a stoploss of Rs 339 and target of Rs 348. This is a shorter 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 Power Finance. This stock has developed very strong support around Rs 135-140 levels over the last several weeks. The stock has shown short term strength and is expected to move upto Rs 165 with stop loss at Rs 142.
We would like to recommend to sell Idea Cellular. This stock has very strong resistance around the Rs 100 levels and has fallen below 50-day average. The stock is expected to fall to Rs 87 with a stop loss at Rs 97.
Shrikant Chouhan, VP Technical Research at Kotak Securities
Currently ACC is trading at Rs 1130. We can buy at CMP with a target of Rs 1155 and Rs 1180 on the higher side. The stock is very near to its 52-week highest level and with a stop loss at Rs 1090 certainly we can trade long.
Currently Federal Bank is at Rs 390 and stock is diverging positively. It has formed double bottom kind of formation at Rs 350. With a stop loss at Rs 370 we can trade long for the target of Rs 445-450 on the higher side. It's a positional call and we have to wait for atleast next 10-15 days.
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