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Super Six stocks likely to see lot of action today

Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Strides Arcolab with a target of Rs 1440.

December 09, 2015 / 09:45 IST
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On CNBC-TV18's show Super Six, market gurus Ashish Kyal, Gaurav Ratnaparkhi and Aditya Agarwal, 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.Ashish Kyal of wavesstrategy.comFor today we have sell on Power Finance Corporation (PFC). This stock has been drastically underperforming and has moved from the levels of Rs 255 and recently touched the low around Rs 200. It is in a very strong downside momentum and is moving in downward sloping channel. Use a stoploss of Rs 211 on the upside for a target of Rs 184, which can be expected on the downside.The next stock is going to be a buy on Jet Airways. It has shown a very smart recovery from the lows of around Rs 300 and the momentum has been increasing with each passing day. It looks like to be in the third wave and the strength has been pretty good. So one can buy Jet Airways with a stoploss of Rs 550 on downside and target can be expected at Rs 610 on upside.Gaurav Ratnaparkhi of SharekhanStrides Arcolab has been trading in sideways manners since last few sessions. In terms of price pattern, this has formed a bullish flag pattern on the daily chart. The pattern has taken support near its crucial daily moving averages. Here on the stock can start a fresh rally and have a buy call with stoploss of Rs 1,344 and target will be Rs 1,440.Tata Consultancy Services (TCS) has been falling for a while now. Ever since last few sessions, the pace of decline has decreased significantly. This has resulted in an ending diagonal pattern formation which will be a bullish pattern in this particular case. The daily momentum indicator is showing positive divergence and is in bullish mode. The stock can attempt a decent bounce and have a buy call with stoploss at Rs 2,292 and target will be Rs 2,450.Aditya Agarwal of Way2Wealth SecuritiesFirst call will be a sell call in Larsen and Toubro (L&T). For last four weeks, the stock is trading in a band of Rs 1,330 and Rs 1,380. In yesterday's session the stock broke this range on lower side and closed below the range. So at current levels one can go short in L&T, keeping a stoploss of Rs 1,340 and target of Rs 1,280 and Rs 1,270.Second call will be a sell call in Colgate Palmolive. It has seen a decent rally from Rs 800 levels to Rs 1,000 levels but around Rs 995-1,000 the stock has a strong trend and resistance and from those levels, we saw some profit booking in yesterday's trade. So at current levels, one may go short in Colgate Palmolive keeping a stoploss of Rs 1,005 and on the lower side target will be Rs 950 and Rs 940.

first published: Dec 9, 2015 08:43 am

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