HomeNewsBusinessStocksSuper 6 stocks that can give handsome returns today

Super 6 stocks that can give handsome returns today

Kunal Saraogi of Equityrush recommends buying Aurobindo Pharma with a target of Rs 820 and advises selling ICICI Bank with a target of Rs 215.

May 04, 2016 / 14:12 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

On CNBC-TV18's show Super Six, market gurus Sameet Chavan, Kunal Saraogi and Simi Bhaumik, 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 BrokingOur first call would be a buy call on Petronet LNG. If you look at the daily chart structure, yesterday, this stock gave a very good close around Rs 272-273, around its all-time high and is now poised for a very good breakout beyond its zone of Rs 274. Thus looking at the volume activity, we expect this stock to move towards Rs 284. Stoploss can be placed at Rs 265.The second call would be to sellTech Mahindra. Looking at the daily chart structure, the stock is on the verge of giving a breakdown from a rising trend line support which is placed around Rs 466. Thus, we expect an immediate correction towards Rs 452 in this stock. It can be short-sold by keeping a strict stop loss at Rs 476.Kunal Saraogi of EquityrushMy first stock pick is a buy onAurobindo Pharma which has broken out very decisively on the charts and bucks a trend in yesterday’s trade. The stock can be picked up with a target of Rs 820 and the stop loss at Rs 790.My second pick would be a sell call onICICI Bank. The stock has broken through a major support region and is likely to go down more. It underperformed the index in yesterday’s trade, so I see it going to Rs 215. One should put a stoploss at Rs 225 and go short on ICICI Bank.Simi Bhaumik of simibhaumik.comI would recommend a sell call onTata Motors today. This stock has fallen from higher levels of Rs 422 and it is likely to settle near Rs 400-395 region for a minimum today. Go short with a stoploss above Rs 416. Targets would be Rs 402 and Rs 398.My second call would be onAurobindo Pharma. This stock has done well yesterday and I am expecting it to remain firm today. Buy as long as it holds above Rs 790. Maintain a stoploss below Rs 788. Targets on the upside would be Rs 815 and Rs 820.

first published: May 4, 2016 08:52 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!