Super Six: Hemen, Kunal, Manas on their top picks

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Kunal Bothra and Manas Jaiswal share, 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.

 

 

I have a buy call on Rural Electrification Corporation (REC). REC has reflected near tern strength giving a breakout on significantly higher volume. The mechanical indicators are supporting the move; the stock has closed above 55 day moving average indicating its intention to appreciate further from here. One can buy REC at its closing of around Rs 296, stoploss of Rs 293 with a target of Rs 302. 

 

I have a buy call on UPL. The stock has reflected near term strength by giving mini breakout, has sustained above 55 day exponential moving average, mechanical indicators on the intraday and the daily charts are supporting the move, have signalled a buy indicating the stock's intention to appreciate further from here. One can buy UPL at closing of around Rs 536, stoploss of Rs 532 and target of Rs 544. 

 

 

I have a buy call on Jubilant Life Sciences. The stock is forming bullish pennant formation on the hourly charts, also looking at the trend pattern for the last couple of months for the stock and the way the stock has been trending quite smartly on the upside, I believe that this small consolidation with the stock has been going for the last three or four trading sessions. It is a good opportunity to go long, keeping a base of Rs 195 as a stoploss; traders can look at a short-term target of Rs 225 on Jubilant Life Sciences.

 

I have a buy call on Axis Bank. I think from the month of February-March 2015 after almost four or five months of consolidation the stock yesterday managed to break out of that Rs 592 kind of a barrier which it failed to for the last four or five months and looking at the volumes yesterday and the kind of smart price movement, I believe that the stock closing above Rs 600 is a good positive sign, from a short-term perspective I am giving a target of Rs 650, keeping a stoploss of Rs 585. 

 

 

I have a buy call on Rural Electrification Corporation (REC). The stock made a strong base near Rs 270 and thereafter it started moving sideways in the range of Rs 290 and Rs 270, but yesterday it broke this range upside with higher volume, so we may see further upmove. It can test Rs 310 in next two-three trading sessions, so one can buy it with a stoploss of Rs 290. 

 

I have a buy call on Wockhardt. After taking support near to 200 day moving average the stock started making higher tops and higher bottoms. Yesterday it broke the resistance of Rs 1,520 with higher volumes, so we may see further upmove. It can test Rs 1,620 in next two-three trading sessions, so one can buy it with a stoploss of Rs 1,514.