On CNBC-TV18's in Super Six show , market gurus Hemen Kapadia, CEO of chartpundit.com, Parag Doctor of Motilal Oswal Securities and Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, 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 of chartpundit.com
Sell Bank of India. The stock has reflected weakness. It has posted a lower top lower bottom scenario on the charts. The stock look weak in the extreme near term and can expect to decline further. One can sell it at Rs 313 with stoploss at Rs 316 and target of Rs 307. This is a shorter term call valid from an intraday point of view.
Alstom Projects has almost given an upward key reversal on better volumes. The stock has also bounced back from lower levels. There has been support atleast on the half an hour charts by mechanical indicators indicating that the stock is ready to bounce back atleast for a day or 2. Keeping that in mind one can buy it at Rs 528 with a stoploss at Rs 524 and target of Rs 536. This is a short term call valid from an intraday point of view.
Parag Doctor of Motilal Oswal Securities
We would like to recommend to buy Dabur. This stock has taken support around 200 day average which is at Rs 103 and has started moving up. The stock is expected to move to the Rs 110, keep stop loss at Rs 99.
We would like to recommend to sell JSW Steel. This stock has struggled to cross the Rs 700 levels in last 2 trading days and has shown weakness by breaking below the 10-day average. The stock is expected to fall to the recent low of Rs 635 levels with stoploss at Rs 710.
Sanjeev Agarwal, CEO of Dynamix Research & Capital Management
We can buy Hercules at current market price of Rs 255 with a stoploss below Rs 240 and for target of Rs 290-300.
You can buy Tata Coffee at current market price of Rs 860 for a target of Rs 920-975 with stoploss below Rs 825.
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