On CNBC-TV18's show Super Six, market gurus Abhijit Paul of alphative.com, Rajeev Agarwal of dynamixresearch.com and Hemen Kapadia of KR Choksey Securities share, 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.
Abhijit Paul of alphative.com
Tata Consultancy Services (TCS) is in a long-term uptrend. I think the short-term bounce back is very much on the cards. I am looking at a short-term bounce back in the stock with a target of Rs 2,260-2,270 in the futures market with a stop loss close to Rs 2,180.
The second stock is Idea Cellular, which has come off quite a bit over the last couple of weeks and is kind of oversold from a short-term point of view. I sense that a bounce back is very much on the cards. Use a stop loss close to Rs 136 to go long in the stock with an upside target of Rs 146-147.
Rajeev Agarwal of dynamixresearch.com
Sell Adani Ports and Special Economic Zone. The chart is showing head and shoulder breakdown below Rs 140 levels so one can attempt short below Rs 140. Keep a stop loss above Rs 148 on closing basis. My initial target is around Rs 132 and next logical target is around Rs 125 in next 10-15 trading sessions.
Sell Grasim Industries. One can attempt shorts below Rs 2,550 level with a stop loss above Rs 2,630 on closing basis. My initial target is around Rs 2,460 and next logical target is around Rs 2,350 in next 15-20 trading sessions..
Hemen Kapadia of KR Choksey Securities
I have a buy call on Mcleod Russel (India). It has reflected intraday strength by giving a brilliant recovery from lower levels from a deeply oversold zone. The stock has in fact given an upward key reversal and the mechanical indicators are supporting the move indicating its intention to appreciate further from here. One can buy the stock at its closing of around Rs 258 with a stop loss of Rs 255 and an intraday target of Rs 264.
I have a buy call on Rural Electrification Corporation (REC). REC has reflected its strength by giving an upward key reversal on the daily charts with significantly higher volumes. The intraday mechanical indicators are supporting the move. In fact, there was a hint of positive divergence on the intraday charts indicating the stock’s intention to appreciate further from here. One can buy REC at its closing of around Rs 172, stop loss of Rs 169, intraday target of Rs 178.
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