On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Hemant Thukral of SBI Capital Securities and Arunesh Madan of Augment Investment, 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, chartpundit.com
My first stock pick for the day is Bhushan Steel. It looks set for a further upside. one can buy it at around Rs 447 with a stop loss of Rs 439 and target of Rs 463. This would be a shorter term call. The time frame for this pick would be 3-4 trading sessions. Dabur has had a brilliant turn up. It has already got heavy at current levels. One can sell it at around Rs 115 with a stop loss of Rs 117 and a target of Rs 111. This is a shorter term call, the validity of which would be 3-4 trading sessions.
Hemant Thukral, SBI Capital Securities
Stock we are going to recommend today is a buy on Yes Bank, a midcap private bank. Yesterday what we are seeing is that the rally has resumed because stock has managed to close above Rs 320 with a fresh Open Int of 9% adding on it clearly suggesting now the stock has more legs to go upto Rs 330-340 in immediate short term but traders have to keep a stop loss around Rs 311-310 mark.
Next stock where we are recommending buying today is Titan, again a midcap story. With fresh Open Int adding up to the tune of 6% today the stock has managed to cross Rs 216. Now in the immediate short term the target we see for the traders is around Rs 225-230 but trading stop loss has to be maintained around Rs 210-211 levels.
Arunesh Madan, Augment Investment
I have a buy call on MRPL. Investors can ride the momentum in the stock for a target of Rs 88 with a very strict stop loss placed below Rs 78 levels. The reason for giving a buy call is the stock has given a breakout above Rs 80 level with very strong volumes.
I have a sell call strategy on Sintex. The stock is facing resistance around Rs 182-184 levels. The stock can be short at around current levels for a target of Rs 167 with a stop loss being placed above Rs 184 levels.
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