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6 trading bets that can fetch you handsome returns

Jay Thakkar of Sharekhan suggest buying Bharat Electronics with a target of Rs 1322.

July 15, 2016 / 11:30 IST
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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 BrokingWe have a first buy call in BEML for a target of Rs 1,020. Yesterday this stock gave a humongous rally with a substantial rise in volumes. If we look at the daily chart, the stock has confirmed its higher top-higher bottom formation for the first time in the last 12 months with a trading view it can be bought by keeping a strict stoploss at Rs 880.I have a buy call on Apollo Tyres. The stock confirmed a breakout from falling wage pattern around its resistance zone of Rs 148. However, since last couple of weeks we have seen a consolidation in the stock. However, looking at the overall hourly chart structure the stock is poised for a breakout. We expect an immediate target of Rs 165 and it can be bought by keeping a strict stoploss at Rs 149.Jay Thakkar of SharekhanI have a buy call on Jubilant Foodworks. One can buy the stock for a target of Rs 1,260 with a stoploss of Rs 1,165. This stock has given a good positive close in yesterday's trading session after three-four negative closes. However, with this positive close it seems to have completed its wave four on daily charts and the stock is likely to move upwards in its wave five and in that process it is likely to take off its previous swing resistance. One can buy Jubilant Foodworks for a target of Rs 1,260 with a stoploss of Rs 1,165. I have a buy call on Bharat Electronics (BEL). It has given a good positive close in yesterday's trading session and the stock has closed at the upper end of yesterday's trading range. The stock has also taken a good resistance at its down trendline but the momentum indicators have given a buy crossover recently and with that buy crossover I am expecting a breakout from this downtrend and resistance following which we will see this stock inching towards next swing resistance, so one can buy BEL for a target of Rs 1,322 with a stop loss of Rs 1,256. Kunal Saraogi of EquityrushI have a buy call on BEML which broke out decisively on the charts after a substantial consolidation. I see the stock going to Rs 1,000. I think Rs 980 can be the first target. One should buy with a stoploss at Rs 920.I have a buy call on Godrej Industries which has been outperforming the index. I see the stock going further up. It can be bought at the current levels with a stop loss at Rs 410 and target of Rs 430.

first published: Jul 15, 2016 09:00 am

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