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Super Six intraday picks for the day

Hemen Kapadia of KR Choksey Securities is of the view that one may buy Larsen and Toubro (L&T) with a target of Rs 1511.

October 29, 2015 / 09:58 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Hemen Kapadia and Gaurav Bissa, 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.Manas Jaiswal of manasjaiswal.com I have a sell call on Bharat Forge. The stock was taking support near to Rs 890-900 for the last one month. It broke that support with higher volumes. So, we may see further downside. It can test Rs 825, so one can go short with a stoploss of Rs 880.I have a sell call on Ashok Leyland. For the last 3-4 trading sessions, the stock is making lower tops and lower bottoms on the intraday chart and broke the support of Rs 91.50 with higher volumes. So, we may see further downside. It can test Rs 87. So, one can go short with a stoploss of Rs 93.Hemen Kapadia of KR Choksey SecuritiesI have a buy call on Crompton Greaves. It has reflected near-term strength by giving an upward key reversal on the daily chart with higher volume. Mechanical indicators on the intraday chart have turned positive, have signalled a buy indicating the stock’s intention to appreciate further from here. One can buy Crompton Greaves at its closing of around Rs 185 with a stoploss of Rs 182 and a target of Rs 191.I have a buy call on Larsen and Toubro (L&T). It is deeply oversold. The mechanical indicators on the intraday charts have reflected positive divergence, have signalled a buy, are supporting the move indicating the stocks intention to appreciate further from here. One can buy L&T at its closing of around Rs 1,491, stoploss of Rs 1,481 and a target of Rs 1,511.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on Cipla. Now, pharmaceutical as a whole has been relatively stable along with IT names. Midcap pharmaceutical names have been doing rounds. They have been doing rather quite well in the past few days and now Cipla is on the cusp of giving a strong move from the current levels. For trading I recommend going long with a stoploss of Rs 675 and play for targets of Rs 725.My second recommendation today is a buy on Idea Cellular. This stock witnessed good amount of corrections from Rs 155-160 to round about Rs 135-138 zone on the lower end. The chance that the stock might test again levels of Rs 155 in the coming days. For trading I would recommend going long. The targets would be Rs 150 and keep the stoploss of Rs 136.

first published: Oct 29, 2015 08:56 am

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