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Super Six stocks that can boost your portfolio on May 18

Kunal Saraogi of Equityrush advises buy HDIL with a target of Rs 90.

May 18, 2016 / 10:17 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Gaurav Bissa and Kunal Saraogi, 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.Hemen Kapadia of KRChoksey SecI have a sell call on Arvind, it has reflected a near term weakness. The stock is overbought, the mechanical indicators on the intraday charts have shown weakness, have reflected negative divergence indicating the stocks intention to depreciate further from here. One can sell Arvind at its closing of around Rs 303 stop loss of Rs 306 and a target of Rs 297.I have buy call on Cummins. The stock has reflected near term strength by giving an upwards key reversal on the daily charts. The mechanical indicators on intraday charts are supporting the move, have signalled a buy indicating the stock intention to appreciate further from here. One can buy Cummins at its closing of around Rs 852 stop loss at Rs 848 and a target of Rs 860.Gaurav Bissa of LKP SecuritiesBuy Oil India with a stoploss at Rs 334 and target of Rs 360Buy Voltas with a stoploss at Rs 328 and target of Rs 350Kunal Saraogi of EquityrushMy first call for the day will be a buy on Motherson Sumi, which broke out very decisively on the charts in yesterday’s trade. The stock can be picked up at the current level with a stop loss at about Rs 285 and with the target of Rs 305.My second pick would be a buy on HDIL; this stock again broke out very decisively on the charts in the previous session. I expect for the momentum here to continue. One can buy HDIL with a stop loss at Rs 87 and a first target of Rs 90.

first published: May 18, 2016 09:00 am

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