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Six stocks that can give handsome returns on May 5

Sameet Chavan of Angel Broking recommends buying Hindustan Unilever with a target of Rs 870 and advises selling Ashok Leyland with a target of Rs 98.

May 05, 2016 / 09:45 IST
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On CNBC-TV18's show Super Six, market gurus Sameet Chavan, Manas Jaiswal and Ashish Kyal, 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 BrokingI have a buy call on Hindustan Unilever for a target of Rs 870, stop loss of Rs 842. We have already seen a sharp fall from its recent high of Rs 907 in last three weeks. However, the stock has now reached its strong support zone of daily 89 exponential moving average (EMA), which is placed around Rs 850-845.Second call would be to sell Ashok Leyland for a target of Rs 98, stop loss can be fixed at Rs 105. Yesterday, we saw breakdown from its multiple support zone of Rs 105-104 on a closing basis thus we expect this momentum to extend over the next few sessions.Manas Jaiswal of manasjaiswal.comFirst call is a sell call on Adani Enterprises. The stock was facing a lot of resistance near Rs 85-88 for last three-four trading sessions but yesterday it fell sharply, broke its 100-day moving average so possibly we may see further downside. It can test Rs 73 which is 50 percent retracement level of its recent rally. So one can go short at current levels with a stop loss of Rs 82.Second call is a buy call onDivis Labs where the stock could support near 50-day moving average (DMA) yesterday, bounced back sharply with decent volumes. So we may see further recovery. It can test Rs 1,095, so one can buy it with a stop loss of Rs 1,035.Ashish Kyal of wavesstrategy.comToday on the buy side is going to bePetronet LNG. This stock has strongly outperformed the overall market and over past few days when the broader indices have been falling, this stock has managed to touch new high. So the overall trend remains positive and one can buy Petronet LNG keeping a stop loss of Rs 265 for a target of Rs 300.The next stock is going to be on the sell side, it isIRB Infra. This stock topped out in the month of April near the levels of Rs 240 and since then it has been constantly moving lower. So the overall short-term to medium-term trend is negative and any pullback should be used as a shorting opportunity. One can sell IRB Infra, keeping a stop loss of Rs 220 on upside and the target can be expected at Rs 197 level.

first published: May 5, 2016 08:50 am

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