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 Securities 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 Bank of India has shown significant weakness. It has just posted a fresh one year low. The script has been posting lower top lower bottom not only on the daily charts but also on the weekly charts. One can sell it at Rs 339 with stop loss of Rs 342 and a target of Rs 333. This is an intra day call. Aurobindo Pharma has oversold on the daily charts. Infact it has shown some strength. The daily stockasticks have also signaled a buy. One can buy it at Rs 156 with a stop loss of Rs 153 and a target of Rs 162. This is an intra day call.
Parag Doctor, Motilal Oswal Securities
We at motilal oswal securities would like to recommend to buy PTC India. This stock has made a very strong base around Rs 70 levels for the last several months. The stock has shown strength by crossing the 10 day moving average and is expected to move upto the Rs 85 levels with a stop loss at 70.
Buy Bata India. This stock is at a new 52-week high and is showing strong upside momentum. The stock has broken out of the Rs 670 resistance, which will now become the stop loss. Target would be at Rs 750 levels.
Rakesh Gandhi, Sr Technical Analyst, LKP Securities Lovable Lingerie has crossed its previous highs in a week where there was a huge mess due to global events. I feel it could be bought for a target of Rs 500 with a stop loss of Rs 420. Reliance Capital has broken out from a triangle position since last 2 weeks and has been continuously falling. Last week stock remained between a range for 4 consecutive days and once again caught a downward momentum. I believe it could be sold for a target of Rs 400 with a strict stop loss of Rs 460.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
