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6 stocks that you can bet for today

Gaurav Bissa of LKP Securities recommends buying Marico with a target of Rs 270 and advises selling BHEL with a target of Rs 120.

April 22, 2016 / 09:26 IST
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On CNBC-TV18's show Super Six, market gurus Simi Bhaumik, Digesh Shah and Gaurav Bissa, 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 a sell call on Titan Company today. This stock has attracted some profit taking from higher levels yesterday and I am expecting it to remain weak even today. Sell at any minor rally till it holds below Rs 375. Put a stoploss above Rs 376. Targets would be Rs 361 and Rs 357.Hindustan Petroleum Corporation (HPCL) has been performing since the last two months and it may remain buoyant even today. Buy with a stoploss of below Rs 845. Targets would be Rs 866 and Rs 872.Digesh Shah of Veracity FinToday our first trading idea is Torrent Pharmaceuticals. The stock is in uptrend for quite some time and on previous trading session, the stock tested the neckline of the trend line and resumed its uptrend. Torrent Pharmaceutical can be bought at current market price with a price target of Rs 1,520. Maintain a stoploss of Rs 1,420 on a closing basis.Our second recommendation is Marico. It has been a tendency of this stock to test its 20-day exponential moving average and resume its uptrend. Stock did the same on previous trading session. So, keeping a stoploss of below Rs 252, that is the previous swing high, one can initiate a long position with a price target of Rs 270.Gaurav Bissa of LKP SecuritiesBuy Marico with a target of Rs 270 and a stoploss of Rs 255.Sell Bharat Heavy Electricals (BHEL) with a target of Rs 120 and a stoploss of Rs 133.

first published: Apr 22, 2016 08:48 am

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