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.
Hemen Kapadia of KR Choksey Securities
I have a sell call on Bank of Baroda. It has reflected near term weakness by giving a downward key reversal. The stock has also slipped below 55 day exponential moving average. The mechanical indicators on the intraday chart have signalled a buy indicating the stock's intention to depreciate further from here. One can sell Bank of Baroda at closing of around Rs 156, stoploss of Rs 158 and a target of Rs 152.
I have a buy call on Hero Motocorp. The stock has reflected near term strength by giving a mini breakout on the daily charts. The stock has posted higher top-higher bottom on the intraday charts. The mechanical indicators are supporting the move, have signalled a buy and volume has also gone up indicating the stock's intention to appreciate further from here. One can buy Hero Motocorp at closing of around Rs 2,640 with a stoploss of Rs 2,620 and target of Rs 2,680.
Kunal Bothra of LKP
I have a buy call on Hero Motocorp. I think from a very short-term perspective the indicators Moving Average Convergence / Divergence (MACD), relative strength index (RSI) and couple of other momentum indicators are showing some sort of bottom formation happening from a short-term perspective. If you look at the last three or four days of price movement, slowly and steadily the price is moving above Rs 2,600-2,650 levels. My sense is that Hero Motocorp could be a surprise element in a sideways market like what we are facing over the last couple of days. However, from a short-term perspective I believe a target of Rs 2,690 could be possible on Hero Motocorp, keep a stoploss of Rs 2,610 on it.
I have a buy on Engineers India and from very short-term perspective the stock has seen a good bottom happening at Rs 225-228 levels and over the last couple of days we have seen some sort of a short-term recovery happening. I think after a lot of short-term correction for the last so many months and the stock is seeing some sort of a good recovery and my sense is that it could start a strong uptrend. So at these levels one can look at buying or accumulating Engineers India. However, I would place Rs 245-246 as short-term target but for medium-term target I would look at close to Rs 280 as a target on Engineers India, short-term stoploss at Rs 228 levels.
Manas Jaiswal of manasjaiswal.com
I have a buy call on Hindustan Oil Exploration Company. The stock has given a triangular breakout on the daily chart and it closed above 100 day moving average. Oscillators are showing positive cross over, so we may see further upmove. It can test Rs 43.50 in next few trading sessions, so one can buy it with a stop loss of Rs 37.50.
I have a buy call on Arvind. After four days correction the stock took support near Rs 280 and bounced back sharply. On the daily chart it has made a bullish engulfing pattern and it is still making higher tops and higher bottom, so we may see further upmove. It can test Rs 294 in next two-three trading sessions. So buy it with a stoploss of Rs 282.
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