Moneycontrol
Last Updated : Jul 14, 2016 10:32 AM IST | Source: Moneycontrol.com

6 stocks that should do well today

Jay Thakkar of Sharekhan is of the view that one may buy Sundram Fasteners with a target of Rs 202.

On CNBC-TV18's show Super Six, market gurus Sameet Chavan, Jay Thakkar 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.

Sameet Chavan of Angel Broking

We have our first buy call on HDFC Bank. A couple of days back, we saw a good price volume breakout from its all-time high. In last two days, this stock consolidated a bit, but going forward, looking at the overall daily chart structure we expect this stock to resume its uptrend. Thus, we have a target of Rs 1,230 and it can be bought by keeping a strict stoploss at Rs 1,183.

Our other buy call would be on Bharti Airtel. As the price slightly moved higher with rise in volumes, thus going forward, we expect an immediate breakout from a resistance of Rs 365-366. This stock has a potential to move towards Rs 378 which would be out target and it can be bought by keeping a strict stoploss at Rs 354.

Jay Thakkar of Sharekhan

Buy Sundram Fasteners with a stoploss at Rs 185 and target of Rs 202

Sell Tata Power Company with a stoploss at Rs 73.50 and target of Rs 69

Kunal Saraogi of Equityrush

My first stock call for the day will be a buy on Tata Steel which I think has broken out afresh on the charts. We have seen metal stocks doing better than market in the last few sessions. And Tata Steel has broken out very recently. It can be picked up in the current levels with a stoploss at Rs 343 and a target of Rs 365.

My second pick will be YES Bank. Now, this is a stock that has been a perennial outperformer. It can be bought even at the current levels with a stoploss at Rs 1,137 and a target of Rs 1,190.
First Published on Jul 14, 2016 08:46 am
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