Moneycontrol
HomeNewsBusinessStocksCheck Out: Super Six stocks for December 12
Trending Topics

Check Out: Super Six stocks for December 12

Shrikant Chouhan of Kotak Securities suggets buying Bata India with a target of Rs 1045-1060 and Zee Entertainment with a target of Rs 300.

December 12, 2013 / 12:12 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

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 Trades

We may see some positive momentum in pharmaceutical stocks in the next three-four trading session. One can accumulate Torrent Pharmaceuticals at current market price with a stop loss of Rs 490 on closing basis and expect a target of Rs 520 in the next two-three trading sessions.

Ashok Leyland has shown some kind of a breakout out of a narrow trading range which indicates that one can accumulate December Futures in Ashok Leyland for long positions at current market price with a stop loss of Rs 16.50 on closing basis and expect a target of Rs 18.25 on the upside.


Shrikant Chouhan, Kotak Securities

Bata India is oversold and it is also available at its important support area of Rs 1,000-1,010. Therefore, with a final stop loss at Rs 980 one can trade long for the target of Rs 1,045-1,060 on the higher side.

My second trading call is on Zee Entertainment Enterprises. The stock is into monthly breakout. The stock is also trading into bullish territory of weekly formation and as well as on daily chart the stock has formed bullish engulf. Therefore, broadly the stock is very bullish on daily as well as on long-term charts and from here we can trade long with a final stop loss at Rs 275 for the target of Rs 300.


Meghana V Malkan, malkansview.com

I have a buy call on IndusInd Bank and with yesterday decline the relative strength index (RSI) is now poised at support zone on daily charts. There were also certain bullish candlestick pattern formations in intraday charts yesterday. So, I would recommend going long on the stock with higher targets of Rs 460 and Rs 465.

I have a buy on UPL. The price has given good close yesterday with above average volumes. The price has begun tagging the upper band of the Bollinger bands in daily charts and on higher timeframes there are good pattern breakouts on monthly charts. So, I would recommend going long on the stock with a stop loss of Rs 182 and higher targets of Rs 192 and Rs 194.

first published: Dec 12, 2013 08:34 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!