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Super 6 trading stocks for short term gain

Hemen Kapadia of KR Choksey Securities is of the view that one may buy Adani Port with a target of Rs 273.

January 04, 2016 / 12:13 IST
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On CNBC-TV18's show Super Six, market gurus Gaurav Bissa, Hemen Kapadia 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.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on ACC. The stock has seen a range bound movement for past few days rather a couple of weeks. I recommend going long for target of Rs 1,425, one can have a stoploss at Rs 1,340.My second recommendation today is a buy on Century Textiles. The stock had a decent breakout above Rs 585 kind of levels, which led to a rise around Rs 605 levels. It has seen another breakout above Rs 605-610 kind of levels. I would recommend going long on the stock for a trading target of Rs 640 and one can have a stoploss at Rs 600. If Rs 640 sustains then within couple of days, the stock can even test levels of Rs 660-670.Hemen Kapadia of KR Choksey SecuritiesI have a buy call on Adani Ports. It is in a short-term uptrend. It is on the verge of entering an intermediate uptrend. It has shown strength by giving a high volume recovery today. The mechanical indicators are supporting the move indicating the stock's intention to appreciate further from here. One can buy Adani Ports at its closing of around Rs 267, stoploss of Rs 264 and target of Rs 273.I have a sell call on Apollo Hospitals. It has reflected near-term weakness by giving a high volume downward key reversal on the daily charts. One can sell Apollo Hospitals at its closing of around Rs 1,460, stoploss of Rs 1,468 and target of Rs 1,442.Simi Bhaumik of simibhaumik.comBuy Gail India with a stoploss at Rs 364 and target of Rs 380Buy Reliance Communications with a stoploss at Rs 88.50 and target of Rs 94

first published: Jan 4, 2016 09:30 am

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