On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi, Hemen Kapadia and Vishal Kshatriya 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.
Gaurav Ratnaparkhi of Sharekhan
Reliance Communications has fallen down sharply in last few weeks. However, the stock is now poised for a minor degree pullback. The short term momentum indicator that has been showing positive divergence as triggered bullish crossover. In the last session the stock has formed a bullish outside bar on the daily chart. So one can buy RComm from trading perspective and stoploss can be placed at Rs 97 and target will be Rs 106.
I have a buy call on Canara Bank. Since last few sessions Canara Bank is trading near strong support. Stock is consolidating near the juncture of 40 weeks exponential moving average and weekly lower bollinger band. So we can see a spike in Canara Bank over next couple of sessions and from trading perspective stoploss can be placed at Rs 346 and target will be Rs 377.
Hemen Kapadia of KR Choksey Securities
I have a buy call on Larsen and Toubro (L&T). L&T has reflected near term strength by giving upward key reverse from the daily chart. Stock has entered in intraday uptrend. Mechanical indicators are supporting the move after showing positive divergence indicating the stock intention to appreciate further from here. One can buy L&T at its closing of around Rs 1,447 stoploss of Rs 1,437 and a target of Rs 1,467.
I have a buy call on YES Bank. It has reflecting near term strength by giving high volume upward key reversal on the daily chart. Mechanical indicators on the intraday charts are also looking positive have signal to buy. Stock looks set to enter in intraday uptrend indicating its intention to appreciate further from here. One can buy YES Bank at its closing of around Rs 554 stoploss at Rs 550 and a target of Rs 562.
Vishal Kshatriya of Edelweiss
My first pick for the day is going long on Bharat Heavy Electricals Limited (BHEL). Stock has formed bullish harmonic pattern on its daily chart. Technical oscillators have also given buy signal. Traders can initiate long at current market price with a target price of Rs 220 maintain stop loss below Rs 194.
My second pick for the day is going long on Cadila Healthcare. Overall trend in the stock is positive which is depicted by formation of higher-tops and higher-bottoms on its daily chart. Technical oscillators continue trade in positive territory. Traders can initiate long at current market price with a target price of Rs 1,450 maintain stoploss below Rs 1,300.
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