On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Ashish Kyal and Sameet Chavan, 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.Manas Jaiswal of manasjaiswal.comI have a buy call on Ajanta Pharma. The stock broke the 200-day moving average yesterday with high volumes. It is trading near the neckline of inverse head and shoulder pattern but looking at the pattern it can break the neckline and it can test Rs 1,385. So buy Ajanta at current levels and keep a stoploss below Rs 1,320. I have a buy call on Engineers India. The stock bounced back sharply from lower levels. It has made bullish engulfing pattern on the daily chart, oscillators are showing positive crossover, so we may see further recovery. It can test Rs 160, so one can buy the stock at current levels and keep a stoploss below Rs 146Ashish Kyal of wavesstrategy.comOne can sell Bharat Heavy Electricals (BHEL) with a stoploss of Rs 99 and the target that can be expected is Rs 84 levels. This stock has moved very much lower and it has also broken the important support of Rs 100 and is now trading around Rs 93-94 levels, so there is a high likelihood that the downtrend will continue from here both from short to medium-term perspective. I have a buy call on Ajanta Pharma. It has buck the trend and it has managed to move higher irrespective of the market movements also this is from the pharma space, so it is better to be on the defensive side rather than building positions on interest sensitive or other high beta stocks. So one can buy with a stoploss of Rs 1,280 and target can be expected at Rs 1,420 levels on upside. Sameet Chavan of Angel BrokingWe are upbeat on Hindustan Petroleum Corporation (HPCL) for a target of Rs 692, stoploss at Rs 630. This stock has already undergone massive price-wise correction. However, it has now reached its strong support zone of weekly 89 EMA which is placed around Rs 640. It can be bought by keeping a stoploss at Rs 630 and we have a target of Rs 692. I have a sell on Crompton Greaves for a target of Rs 120 with a stoploss at Rs 143. The stock recently gave modest recovery from lows of Rs 115. However, it has now reached strong resistance around daily 20 exponential moving average (EMA). We expect near term move towards Rs 120 in Crompton. It can be short sold by keeping a strict stoploss at Rs 143.
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!