On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Gaurav Bissa 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.
Vishal Kshatriya of Edelweiss
One can go long in Havells India. The stock has given breakout with good volumes on his daily chart. Technical oscillators are also trading with positive buyers. Derivatives data indicates long build up in the stock. Traders can initiate long positions at current market price with the first target of Rs 330 and final targets of Rs 340. Maintain a stoploss below Rs 300. One can go long in Asian Paints. The stock has given triangle pattern break out with good volumes. Derivatives data indicates aggressive long build up in a stock. Traders can initiate long positions at current market price with the target price of Rs 700 and maintain a stoploss below Rs 650.
Gaurav Bissa of LKP Securities
One can buy Asian Paints. The stock has witnessed considerable long positions which indicates further momentum in the stock. It has given a range breakout with significant volumes indicating that the stock is likely to see further upside. Thus one can buy the stock for a target price of Rs 700 keeping a stoploss at Rs 660.One can buy Bata India. The stock has witnessed considerable short covering, signaling the revival in the stock. Short-term momentum indicators are also pointing upwards in the stock. It has closed above the short-term as well as the long-term averages with significant volumes. One can buy the stock for target price of Rs 1,355 keeping a stoploss at Rs 1,290.
Manas Jaiswal of manasjaiswal.com
Steel Authority of India (SAIL) has taken support near to 200 day moving average and bounced back sharply with very good volumes. Oscillators are showing positive crossover and it is making inverse head and shoulder pattern on the daily chart. The stock can test Rs 94 in next two to three trading sessions. So one can buy it with a stoploss of Rs 82.For last one month Asian Paints was facing lot of resistances near to Rs 665 but yesterday it has broken that range with very good volumes. Oscillators are showing positive crossovers. We may see further upmove and it can test Rs 695 in next two to three trading sessions. So one can buy it with a stoploss of Rs 660.
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