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6 stocks that should do well today

On CNBC-TV18's new show Super Six, market gurus Parag Doctor of Motilal Oswal, Arunesh Madan, Founder and Director of Augment Investment and Manas Jaiswal, Technical Analyst of Emkay, place their bets on two stocks each, thus offering investors a variety of options to choose from.

September 09, 2011 / 09:50 IST
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On CNBC-TV18's new show Super Six, market gurus Parag Doctor of Motilal Oswal, Arunesh Madan, Founder and Director of Augment Investment and Manas Jaiswal, Technical Analyst of Emkay, 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.


Parag Doctor of Motilal Oswal
We at Motilal Oswal would like to recommend to buy India Cements. This stock has accumulated for several weeks between the Rs 65-70 levels and has shown strength by crossing the 50 day average. The stock is expected to move upto Rs 80 levels with stop loss at Rs 69.
We would like to recommend to buy Crompton Greaves. The stock has lot 50% from the Rs 280 levels few months ago to below Rs 140 levels. Now the stock has shown strength by crossing the 20-day average and is expected to recover to Rs 170 with stop loss at Rs 145.
  Arunesh Madan, Founder and Director of Augment Investment
I have a positional sell call on ITC as I believe that 3rd wave to the downdie has started on the stock. Look to short at current levels with a stoploss above Rs 206 and look for target of Rs 180 in next couple of days.
I have a buy call on UCO Bank as I believe the stock has broken above its previous intermediate top of Rs 71.35 with good volumes. Look to buy the stock at current levels of Rs 73.50 with stoploss below RS 71.25 and target of Rs 78 in next 2-3 days.
  Manas Jaiswal, Technical Analyst of Emkay Chambal Fertilisers is conversely showing outperformance in making higher tops and higher bottoms in daily charts. Now it has given a breakout. One can buy at current levels with a stop loss of Rs 113 and target of Rs 123. Delta Corp has taken support near Rs 84 and bounced back sharply. Now it has given a breakout above Rs 102. So, one can buy with stoploss Rs 102 and target of Rs 114.
first published: Sep 9, 2011 08:21 am

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