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 Jet Airways. It has reflected strength by overcoming supply line on the hourly charts. Infact it has given an upward bar reversal on higher volume on the daily charts. One can buy it at Rs 240 with a stop loss of Rs 237 and target of Rs 246. It is a shorter term call valid from an intraday point of view.
Sell Areva T&D. It has reflected weakness by posting a lower top lower bottom scenario on the daily charts. Infact it has posted a fresh 1.5 month low. Most of the mechanical indicators are also in sell mode indicating that the script seems set to depreciate from here. One can sell it at Rs 210 with a stoploss of Rs 213 and target of Rs 204. It is a shorter term call valid from an intraday point of view.
Parag Doctor of Motilal Oswal Securities
We at Motilal Oswal Securities would like to recommend to buy Sintex Ind. This stock has corrected significantly and has found support around Rs 105. The stock has started moving up and crossed the short term averages. The stock is expected to move upto the Rs 130 levels with the stop loss at Rs 114.
We would like to recommend to sell LIC Housing. This stock has developed resistance around 6 months high of Rs 240 level and has started correcting. The stock is expected to fall to Rs 210 level which is recent support with a stop loss at Rs 240.
Shrikant Chouhan, VP Technical Research at Kotak Securities Mahindra and Mahindra is available at Rs 815-816 levels and we can expect Rs 835-845 on the higher side. It is on that rising channel kind of formation and certainly we can trade long with stop loss at Rs 800 on a closing basis.
Short Hind Zinc which is trading at Rs 118-119 levels with a stop loss at Rs 123.75. We can trade short for the target of Rs 112 and Rs 109 on the lower side. The stock is continuously diverging negatively and the stock is heading towards Rs 100 in the long run.
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