On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, Hemen Kapadia and Manav Chopra 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 B Malkan of malkansview.com
Arvind has taken support at Rs 280 levels which is also an important support from the previous zone. Momentum is also at support zone hence I recommend a buy with a stoploss of Rs 275 for targets of Rs 288-295.
Banking has been showing some weakness in the last couple of trading sessions. Union Bank of India has broken an important support of Rs 210 on daily closing basis. Hence I recommend a sell with a stoploss of Rs 210 for targets of Rs 190 and 185.
Manav Chopra of Nirmal Bang
SKS Microfinance has formed a strong bullish engulfing pattern on the daily charts and the prices have managed to close above the crucial hurdles of Rs 340 with above average volumes, which indicates that a short-term bottom is in place. We recommend a buy at the current levels with a stoploss of Rs 338 and expect an upside target of Rs 360.
IRB Infrastructure has recently observed series of decline on the daily charts and the prices have tested its long-term moving averages. On the intraday charts the prices have formed a good support level around Rs 258 which indicates that the prices are forming a strong short-term base. We recommend a buy at the current levels with a stoploss at Rs 256 for an upside target of Rs 270.
Hemen Kapadia of KR Choksey Securities
Asian Paints is in a short, medium and long-term uptrend, has reflected strength by giving a fresh all time high. Mechanical indicators are supporting the move, stock looks set to appreciate further from here. One can buy Asian Paints at its closing of around Rs 703 with a stoploss of Rs 699 and target of Rs 711.
Crompton Greaves has reflected near term strength by giving a smart recovery and taking support at the 55 day exponential moving average. The intraday charts seem to suggest bullishness, the stock has entered an intraday uptrend. Mechanical indicators are supporting the move, have signalled a buy indicating the stocks intention to appreciate further from here. One can buy Crompton Greaves at its closing of around Rs 204, stoploss at Rs 201.
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