On CNBC-TV18's in Super Six show, market gurus Rajesh Jain, EVP Retail Research of Religare Sec, Rakesh Gandhi, Sr Technical Analyst of LKP and Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, 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.
Rajesh Jain, EVP Retail Research of Religare Sec Bharti Airtel had been doing very well on its stock price movement till July and saw a correction in last 2 months. The stock had been taking a counter rally for the last 2 days and is now near its strong resistance. One can short between Rs 385-388 with a stoploss at Rs 395 for a target of Rs 370. BGR Energy along with other power stocks is trying to take a bounce from oversold levels. Now the stock is available near the lower range and has fallen on low volumes. One can buy between Rs 317-320 with a stoploss of Rs 315 for a bounce till Rs 348.Rakesh Gandhi, Sr Technical Analyst of LKP Bank of Baroda has shown a good resilience on current market and is continuously making higher high and higher lows. The move suggests that stock could go upto Rs 825 and buy with a stop loss of Rs 778. Arvind has exhibited a good strength in last few weeks. The stock has been showing a good momentum and has potential to go to higher levels. One can buy for a target of Rs 106 with stop loss of Rs 93.
Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss
Cement counters have been outperforming the broader market since beginning of this month. My pick from this segment would be going long on ACC. Stock has also generated its rising trendline breakout along with good volumes placed on the hourly charts. Momentum oscillators are continue to trade with a positive bias. Traders can go long at CMP with target of Rs 1130 maintaining stop loss below Rs 1040.
Short Tech Mahindra. The stock has generated trendline along with good volumes placed on the hourly charts. Momentum oscillators are contiue to trade with a negative bias. I am expecting stock to trade with a negative bias. OI data indicate aggressive short build up. Traders can go short in the range of Rs 600-605 with target of Rs 550 maintaining stop loss at Rs 635.
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