On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi, Vishal B Malkan and Kunal Saraogi 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
I have a buy call on Asian Paints. It has formed a multi week bullish triangular pattern. Near lower end of the pattern the stock has taken support near its crucial daily moving averages and from there it started moving up. The stock is on the verge of a breakout on the upside, the daily momentum indicator is inline with the bullish pattern breakout, from trading perspective stoploss can be placed at Rs 641 and target will be Rs 688.
L&T Finance Holdings has crossed its swing high of Rs 69.45 and has started next move on the upside. In terms of wave structure it has started third leg on the upside which means significant upside potential from short-term perspective. The daily Bollinger band has started expanding which will assist the move to unfold on the upside, so one can buy L&T Finance with a stoploss of Rs 67.50 and target will be Rs 73.
Vishal B Malkan of malkansview.com
Reliance Communications has been consolidating in the range of Rs 95 and Rs 105 since last two weeks and it has broken out of that resistance on Friday session with good volumes. Pattern has been bullish on weekly also. Hence I recommend a buy with a stoploss of Rs 103 for target of Rs 110 and Rs 112.
I have a buy call on Jindal Steel & Power. Metal has been outperforming the market in the last couple of trading sessions. Jindal Steel has formed a bullish pattern on weekly charts, momentum is also at support, and hence I recommend a buy with a stoploss of Rs 158 for targets of Rs 170 and Rs 175.
Kunal Saraogi of Equityrush
I have a buy call on LIC Housing Finance with a stoploss at Rs 355 and a target of Rs 370.
I have a buy call on Reliance Power with a stoploss at Rs 73 and a target of Rs 82.
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