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Last Updated : Oct 13, 2011 10:54 AM IST | Source: Moneycontrol.com

Super Six stocks you can bet on October 13

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.


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


ICICI Bank has made a bullish pattern on the weekly charts and oscillators are showing positive cross over. Now it has some resistance at Rs 862 but looking at the pattern it can break the resistance of Rs 862 and can test Rs 890. One can buy at CMP with stop loss of Rs 844.


Yes Bank has made a hammer pattern on the weekly charts and oscillators are showing positive crossover. So buy it at CMP with a stop loss of Rs 268 and target is Rs 282.


 


Rajesh Jain, EVP Retail Research of Religare Sec


Mahindra and Mahindra has been consolidating near its highest level since a month. Overall the stock is bullish. One can buy the stock at CMP keeping a stoploss of Rs 785. Once the stock starts trading above Rs 820 then we can see a sharp and swift rally. Target can be Rs 840 and above in coming days.


ITC had been consolidating in a sideways zone for a month. The stock gave a good closing yesterday, which was accompanied by good volumes. One can buy at Rs 202-204 with a stop loss at Rs 201 for a higher target of Rs 208.


 


Nooresh Mirani, Head, AMSEC-Analyse India

Buy Grasim with a target of Rs 2470 and stop loss at Rs 2360. The stock has given a flag breakout and should see momentum above Rs 2400 in near term.
 
Buy Gateway Distriparks. The stock has broken out above its recent highs as well made a new 52-week high. My target is Rs 156 keeping a stop loss at Rs 144.

First Published on Oct 13, 2011 08:24 am
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