On CNBC-TV18's new show Super Six, 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, 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.
Manas Jaiswal, Technical Analyst of Emkay Global Sesa Goa has made a good base near to Rs 190 and for last 7-8 trading sessions it was trading in the range of Rs 190-200. Now it has broken this range upside, so I think the stock is ready for a bounce back. One can buy at CMP for a target of Rs 214 i.e. 50% retracement level of the recent fall and stoploss should be Rs 200.
In Tata Steel we witnessed good buying interest on Friday and on the daily charts both the oscillators are showing positive crossover. So one can buy at CMP for a target of Rs 435 and stop loss at Rs 414.
Rajesh Jain, EVP Retail Research of Religare Sec Chambal Fert has fallen from Rs 116 to 89 in a month, which is quite sharp. As the market is seeing a bounce from oversold levels I expect Chambal to take support at its weekly support levels. One can buy at its support betweens 86-88 with a stop loss at Rs 86 for higher target of Rs 99 in coming days. Shriram Transport saw a sharp fall on Friday when the market witnessed a sharp rise. The stock gave a lowest weekly closing in many weeks. One can short the stock at any counter rally at its resistance of Rs 585-590 keeping a stop loss of Rs 601 for a lower target of Rs 560.
Nooresh Mirani, Head, AMSEC-Analyse India
Buy Oracle Fin Serv with a target of Rs 2020 and stop loss at 1890. The stock has given a flat breakout, which confirms a move towards Rs 2000 plus levels in the short term.
Buy Dish TV with a target of Rs 85 and stop loss at Rs 77. The stock has made a double bottom around Rs 71 closer to its 200 day exponential moving average. A bounce above Rs 80 confirms a trend change targeting Rs 85 plus.
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