On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Parag Doctor of Motilal Oswal Securities and Rakesh Gandhi, Sr Technical Analyst of LKP 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.
Hemen Kapadia, CEO, chartpundit.com
Sell Alstom Projects. It has reflected weakness. It has progressively been posting lower tops and bottoms. One can sell it at Rs 514 with a stop loss of Rs 518 and a target of Rs 506. This is a short term call valid from and intraday point of view.
Sell Bank of India. The bank nifty has suggested significant amount of weakness. Most of the bank stock has been under severe pressure. One can sell it at Rs 314, stop loss of Rs 317 and target of Rs 308. It's a short term intraday call.
Parag Doctor, Motilal Oswal Securities
We at motilal oswal sec would like to recommend to buy Godrej Industries. This stock has corrected significantly and is now around the 200 day average which is at Rs 190. The stock is expected to move upto the 50 day average which is at Rs 210; the stop loss for the trade is Rs 180.
Buy Dabur. This stock has corrected significantly and has found support at the 200 day average which is at Rs 102 and started moving up. The stock is expected to move upto the Rs 111 levels which is a 50 day average and the stop loss being at Rs 102.
Rakesh Gandhi, Sr Technical Analyst, LKP Axis Bank was remaining above Rs 1150 for last 12 months and during that 12 months it has made a bearish head and shoulder formation and broken out below that level. Now that it has broken that level, one can short for a target of Rs 1060 and stop loss of 1135. Jindal Steel has remained for last 15 months between Rs 750-600 and after breaking that Rs 600 level it has fallen sharply. In last few days it has remained in a narrow range and now once again downward momentum has caught up. So one can short the stock for a target of Rs 465 with a stop loss of 505.
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