HomeNewsBusinessStocksCheck Out: Super six stocks for November 4

Check Out: Super six stocks for November 4

Sameet Chavan of Angel Broking is of the view that one may buy UltraTech Cement with a target of Rs 3040.

November 04, 2015 / 09:39 IST
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On CNBC-TV18's show Super Six, market gurus Meghana V Malkan, Sameet Chavan 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.Meghana V Malkan of malkansview.comMy first call is a buy on Ashok Leyland. It has not been able to break the level of Rs 89, it seems to be an important support of the stock. At this support, it formed indecisive candle pattern in yesterday's trading session. This calls for a buy on Ashok Leyland with a stoploss of Rs 89 for a target of Rs 95.My second call is a sell call on Maruti Suzuki, Rs 4,575 seems to be an important resistance for the stock. This stock is consolidating at that level since four-five trading sessions and forming indecisive candle pattern at that level. Momentum in daily chart is resisting and moving over the bullish zone. Therefore a sell call with a stoploss of Rs 4,575 for a target of Rs 4,350.Sameet Chavan of Angel BrokingMy first recommendation is a buy on UltraTech Cement for a target of Rs 3,040 and keep stoploss at Rs 2,870. This stock is now on the verge of giving a breakout from its downward sloping trendline which is placed somewhere around Rs 2,950. Going forward we expect the stock to give a very good move towards Rs 3,040 over the next few trading sessions.My second recommendation would be to buy Bank of Baroda (BoB) for a target of Rs 175 and stoploss can be kept at Rs 154. Looking at the overall chart structure and positive placement of daily momentum oscillator, we expect the stock to give a trading bounce towards Rs 175 over the next few trading sessions. It can be bought at current level on a minor decline by keeping a strict stoploss at Rs 154.Gaurav Bissa of LKP SecuritiesMy first recommendation today is buy on YES Bank. If you look at the daily charts on multiple occasions, it has seen a good reversal to around Rs 720 levels. This time around if there is a breakout above Rs 780, if it sustains above Rs 780 then there is a chance that it may even go towards Rs 850 levels in a short span of time. For now, I recommend going long with a trading target of Rs 825 keeping the stoploss at Rs 750.My second recommendation today is sell on Adani Ports. I recommend going short for the target of Rs 275 keeping the stoploss at Rs 300.

first published: Nov 4, 2015 08:51 am

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