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6 stocks that should do well today

Kunal Saraogi of Equityrush is of the view that one may buy Voltas with a target of Rs 302.

April 20, 2016 / 11:51 IST
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On CNBC-TV18's show Super Six, market gurus Simi Bhaumik, Digesh Shah and Kunal Saraogi, 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.Simi Bhaumik of simibhaumik.comI would recommend Havells today. This stock has been a consistent performer and it is trading at its all-time high levels. It is expected to do well even now. I am recommending it today because it has formed a pennant formation on its daily chart and I am expecting a breakout to take place today. My targets for the day would be Rs 347 and Rs 352. Maintain a stoploss below Rs 335 if you are playing intraday.My second stock would be Pidilite Industries. The stock is looking quite positive on its technical parameters and it is likely to perform even today. I am expecting it to claim Rs 670 in this swing, but for the day, my targets are Rs 648 and Rs 652. Maintain a stoploss below Rs 615 if you are playing for intraday.Digesh Shah of Veracity FinToday our first recommendation is Arvind. We observed a formation of evening doji star on a daily chart near resistance of 89-day exponential moving average. The same pattern will get activated below Rs 267 level. So one can sell Arvind below Rs 267 level with initial price target of Rs 258 and maintain a stoploss above Rs 272.Our second recommendation today is Balrampur Chini Mills. On daily chart, the stock gave a breakout of flag formation along with good considerable volume. The same pattern suggests that the further upside will continue from even current juncture. So, one can buy Balrampur Chini with a price target of Rs 122. Maintain a stoploss below Rs 104.Kunal Saraogi of EquityrushFirst stock call is a buy on Voltas which has been outperforming the markets, has broken out afresh on the charts in yesterday’s trade. It can be bought with a target of Rs 302 and a stoploss at Rs 290.Second stock pick would be a buy on Just Dial which too, has been outperforming the markets. It can be bought with a target of Rs 900. One should place a stoploss at Rs 850.

first published: Apr 20, 2016 09:13 am

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