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 Union Bank of India. This stock has got beaten down in the near market and has found support around Rs 230. The stock is expected to recover to Rs 260 with a stop loss at Rs 233.
We would like to recommend to sell JSW Steel. This stock has had a bounce from Rs 600 levels and is expected to correct to Rs 650 levels with stop loss at Rs 770 which is resistance from 50 DMA.
Arunesh Madan, Founder and Director of Augment Investment Eros International Media is broken above it s all time highs of Rs 230 and closed above it with very good volumes. We would like to buy this stock closer to Rs 235 with stop loss below Rs 227 and target of Rs 260-265 in next 2-3 days.
I have a sell call on Jubilant Foodworks, as I believe that the daily candlestick charts indicate a short term peak has been formed. This couple with negative divergence on the RSI indicator, indicate that the stock is going to touch lower levels in coming days. Look to short this stock on a pullback to Rs 960-965, stop loss above Rs 990 and target of Rs 900.
Manas Jaiswal, Technical Analyst of Emkay Anant Raj Industries was moving sideways in the range of Rs 65-60 for last 8-9 trading sessions. Yesterday it broke this upside with great volumes. So I think one can buy this stock at current levels with stop loss of Rs 65.60 and target should be Rs 75.
After a very long time Unitech has started making higher tops and higher bottoms on the daily charts and stochastics oscillators are showing positive crossword on weekly charts. Buy at current level with a stoploss at Rs 27.30 and target is Rs 31.
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