On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of Vibrant Trades, Shrikant Chouhan of Kotak Securities and Meghana V Malkan, malkansview.com 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.
Vikrant Jadeja, Vibrant TradesAmong the cement counters India Cements is going to outperform the cement sector. On higher timeframe intraday charts as per technicals we may see some kind of breakout on daily charts, so one can easily accumulate India Cement at current market price with a stop loss of Rs 59.5 on closing basis. Expect a target of Rs 66 in the next one or two trading sessions.
Among some of the PSU banking counters Federal Bank is going to see some breakout on daily charts and as a breakout we may see some kind of higher levels around Rs 86 as a target. So, one can accumulate Federal Bank for the long positions at current market price with stop loss of Rs 80.50 on closing basis.
Shrikant Chouhan, Kotak Securities
For the day my first pick is to buy Tata Motors. The stock is already into running triangle breakout. It is under sideways consolidation on daily charts and with a fresh bottom at Rs 383-385 level we can expect Rs 410-415 to achieve in next one or two days of time. We can buy Tata Motors at current levels with a final stop loss at Rs 383 on the downside.
For the day my second pick is to buy Century Textiles and Industries. Broadly cement and textile sectors are buzzing. This particular stock is trading in the middle of the Bollinger band and the next upward target is around Rs 300-305. We can buy Century Textiles at current levels with a final stop loss at Rs 270 on the downside.
Meghana V Malkan, malkansview.com
My first pick for the day is a buy on DLF. This stock has broken out of a triangle pattern with above average volumes in yesterday's trading session. Momentum indicators on daily charts are showing strength. So I would recommend a buy with a stop loss of Rs 162 and higher targets of Rs 171 and Rs 177.
My second recommendation is a buy on Hindustan Petroleum Corporation (HPCL). This stock has managed to cross Rs 230 levels and close above that in yesterday's trading session. Momentum indicators and intraday charts are bullish. So I would recommend a buy with a stop loss of Rs 230 and higher targets of Rs 242 and Rs 248.
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