On CNBC-TV18's new show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, Abhijit Paul, Technical Analyst of Brics Securities ltd and Rajesh Jain, 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.
Arunesh Madan, Founder and Director of Augment Investment Pvt ltd
I have a buy call on Rel Comm. The stock was facing a multiple resistance around Rs 102 level. The stock has broken above Rs 102 levels with high volumes and has closed around the Rs 107 levels. The stock can be bought around the current levels for a target price of Rs 115-120 to be achieved over the next 4 days. A stop loss should be placed below Rs 100.
I have a sell call on Bata India. Over the last couple of days the stock is moving in a range of Rs 625-645. The indicators like MACD have given a sell signal, while RSI indicator is showing a negative divergence. The stock can be short around current levels for a target of Rs 600 and the stop loss should be placed above Rs 650 on a closing basis.
Abhijit Paul, Technical Analyst of Brics Securities ltd HDFC has bounced back pretty well from its short term supports. If Nifty breaks above 5750 then HDFC is one stock, which is going to lead that rally ahead. Look to buy the stock once it breaks above Rs 712, use a stoploss close to Rs 695 and on the upside I expect to test Rs 765. Everest Kanto Cylinder is actually consolidating within a four week range. Over a long term the stock has not done that well but I sense that stock is trying its best to move into a medium to long term uptrend. Look to get into the stock at current prices with a target of Rs 106. Rs 85.5 is where the stop loss should be.
Rajesh Jain, EVP Reatail Research of Religare Sec Tech Mahindra was in a sideways consolidation mode for last 1.5 years in range of Rs 640-750. One can buy the stock at any reaction between the levels of Rs 765-770 keeping a closing stop loss of Rs 736 for much higher targets of Rs 850 plus in coming days. Everest Kanto Cylinder had been moving up for last 2 days on high volume. One can accumulate the stock around Rs 88-89 levels keeping a stop loss of closing below Rs 86 for much higher targets of Rs 100 plus in coming days.
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