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Super Six chart picks for December 31

anas Jaiswal of manasjaiswal.com advises buying Dish TV with a target of Rs 105.

December 31, 2015 / 12:25 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Gaurav Bissa and Manas Jaiswal, 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.Hemen Kapadia of KRChoksey SecuritiesI have a sell call on Bharti Airtel. It has reflected near-term weakness by giving a downward key reversal on the daily chart. The mechanical indicators on the intra-day charts are supporting the move, have signalled a sell indicating the stock intention to depreciate further from here. One can sell Bharti at its closing of around Rs 333, stoploss of Rs 336 and a target of Rs 337.I have a buy call on Colgate Palmolive. It is deeply oversold on the extreme short-term charts. It has taken support on the 55-day moving average. The mechanical indicators on the intra-day charts have turned positive, have signalled a buy, indicating the stock’s intention to appreciate further from here. One can buy Colgate at its closing of around Rs 973 with a stoploss of Rs 968 and a target of Rs 983.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on Sun TV. The stock has seen a good amount of upside in the last few trading session and if you look past these days, it had seen decent amount of long-positions getting built on a consistent basis. I would recommend going long based on these parameters for a target price of Rs 435. One can have a stoploss at Rs 405.My second recommendation today is a buy on Petronet LNG. The stock has been trading in a narrow range, somewhere at Rs 240 low and Rs 248 on the upper hand. I would recommend going long for trading targets of Rs 260. One can have a stoploss of Rs 242.Manas Jaiswal of manasjaiswal.comMy first pick is Dish TV, that is a buy call. Stock made a base near to Rs 90, but for the last 3-4 trading sessions, it was facing some resistance near to Rs 99. But, yesterday, it broke this resistance with higher volumes. So, we may see further upmove. It can test Rs 105. One can buy the stock with a stoploss at Rs 99.My second pick is Jindal Steel & Power. Stock is making higher tops and higher bottoms from the level of Rs 60. Yesterday, it broke the resistance of Rs 93 with higher volumes. So, we may see further upmove. It can test its 200-day moving average which is placed near to Rs 100. So, one can buy it with a stoploss of Rs 91.

first published: Dec 31, 2015 08:51 am

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