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Super Six: Buy or sell call for Oct 14

On Super Six, a CNBC-TV18 show, market gurus Manas Jaiswal, Technical Analyst of Emkay Global, Rajesh Jain, EVP Retail Research of Religare Sec and Nooresh Mirani, Head, AMSEC-Analyse India place their bets on two stocks each that can potentially make money.

October 14, 2011 / 09:59 IST
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On Super Six, a CNBC-TV18 show, market gurus Manas Jaiswal, Technical Analyst of Emkay Global, Rajesh Jain, EVP Retail Research of Religare Sec and Nooresh Mirani, Head, AMSEC-Analyse India 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.

Manas Jaiswal, Technical Analyst of Emkay Global
I would like to go short on Tata Motors. It has made engulfing bearish pattern on the daily chart. So it can test Rs 165. One can go short at CMP with stop loss at Rs 180.
I would like to go short on Titan Industries. It has made a dark cloud cover patter which is a bearish sign. It can correct to its recent bounce back and can test Rs 210; stop loss should be Rs 221.
  Rajesh Jain, EVP Retail Research of Religare Sec Larsen and Toubro had been witnessing a counter rally from extreme oversold levels saw a fall yesterday. Overall trend of the stock has down. One can short at resistance between Rs 1430-1440 keeping a stoploss of Rs 1455 and target of Rs 1375. Cipla closed on a strong note when the market was seeing a profit taking yesterday at higher levels. If market sees some further correction then Cipla being a defensive play should see further buying. One can buy at CMP with stoploss of Rs 285 and for higher target of Rs 298.
  Nooresh Mirani, Head, AMSEC-Analyse India
Buy Escorts with a target of Rs 83 and stop loss at Rs 75. The stock has given a huge price and volume breakout yesterday, which can even target Rs 90 in the short to medium term.
Sell Jubilant Foodworks. The stock gave a breakdown earlier at Rs 850 and had a medium term resistance at Rs 940-950 levels. The stock has moved back to Rs 920 from a low of Rs 650. I expect the stock to correct back Rs 840-820 in the short term. Traders can keep a stop loss of Rs 920.
first published: Oct 14, 2011 08:23 am

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