On CNBC-TV18's in Super Six show, market gurus Shardul Kulkarni, Sr Technical Analyst of Angel Broking, Rajesh Jain, EVP Retail Research, Religare Sec and Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, 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.
Shardul Kulkarni, Sr Technical Analyst of Angel Broking
Buy Power Grid. The stock has already given us a breakout in yesterday's trading session along with decent volumes. We expect the momentum to continue in the next couple of trading sessions. Buying is recommended in the range of Rs 96-93, stoploss should be placed at Rs 92 and we have a target price of around 101 in the next couple of trading sessions.
Sell Crompton Greaves. What we are seeing in this particular counter is that the stock is basically in a strong downtrend and has given us an adequate bounce to say that yes a decent 5 way upmove is over, we would expect some bit of profit booking incase of this particular stock. So we would recommend selling the SEPT Futures for Crompton Greaves below the levels of Rs 159. Once the stock moves below Rs 159 we would expect a target price of Rs 148 stop loss should be placed at Rs 163.
Rajesh Jain, EVP Retail Research, Religare Sec Ultratech Cement gave a 5 month closing high on Thursday with high volume. One can buy the stock between Rs 1120-1130, which is its important support zone keeping a stoploss of Rs 1090 for target of Rs 1185. A closing above Rs 1200 can take the stock much higher in coming days. Aptech have been moving in a sideways symmetrical triangle formation for last 2 months, yesterday it closed higher with good volume and broke that triangle on the higher side. One can buy the stock keeping a stoploss of Rs 125 for higher target of Rs 150 in coming days.
Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss
I have a long call on Mahindra and Mahindra. The stock has generated flat pattern breakout along with good volumes on its daily chart. Besides this momentum oscillators on the daily chart continue to trade with a positive bias. Yesterday stock has seen a long built up as indicated by open interest data. Traders can go long in a range of Rs 800 & 810 with first target of Rs 830 & final target of Rs 850. Maintain stoploss below Rs 780.
Go long on Patni. The stock has generated trendline breakout along with good volumes on its daily chart, besides this yesterday stock has breached and closed above its 20 DMA. This indicates positive momentum in the counter. Yesterday stock has witnessed long built up as indicated in the open interest data. Traders can go long in a range of Rs 294-296 with target price of Rs 310 maintain stop loss below Rs 285.
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