On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Manas Jaiswal, Technical Analyst at manasjaiswal.com and Vikrant Jadeja of Vibrant Trades 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.
Vishal Kshatriya of Edelweiss
I recommend going long on Havells India. The stock has given breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. Derivatives data indicates long build up in the stock. Traders can initiate long with a target price of Rs 900 and stop loss below Rs 800.
I recommend going short on Bank of India (BoI). Stock has formed bearish candle pattern on its daily chart. Technical oscillators have also given a sell signal. Derivatives data indicates short build up in the stock. Traders can initiate short at current market price with a target price of Rs 210 and below that Rs 200. Maintain stop loss of above Rs 245.
Manas Jaiswal, Technical Analyst at manasjaiswal.com
After a sharp rally, Voltas was moving sideways for last few trading sessions but yesterday it had given a triangular breakout on the daily charts with good volumes. So we may see a sharp upmove. The stock can test Rs 130 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 115.
Adani Enterprises witnessed some buying interest at lower levels yesterday on the daily chart and made a double bottom with piercing pattern. So we may see recovery. The stock can test Rs 265 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 244.
Vikrant Jadeja of Vibrant Trades
Last two trading sessions, intraday higher timeframe data suggests that United Breweries is going to give some kind of higher rates on daily charts as a breakout from a narrow trading range, which indicates that we may experience some kind of rate of around more than Rs 800 in the next two-three trading sessions. One can accumulate UBL at current market price with a stop loss of Rs 754 on closing basis.
Looking at the last three-four trading sessions, Shriram Transport Finance Corporation is going to give some kind of breakdown on daily as well as some kind of early intraday charts, which indicates that the levels of Rs 636 cannot be ignored on the lower side. So one can sell this stock at current market price with a stop loss of Rs 670 on closing basis, expect a target of Rs 636 in the next one-two trading sessions.
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