Ashish Kyal of wavesstrategy.com advises buying Petronet LNG with a target of Rs 243.
On CNBC-TV18's show Super Six, market gurus Sameet Chavan, Ashish Kyal and Hemen Kapadia, 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.
Sameet Chavan of Angel Broking
Our first recommendation would be to buy Century Textiles for a target of Rs 620, stoploss Rs 542. This stock has taken a support around its multi-year support level of Rs 490-500 and now rebounded from those levels. During Thursday's session, this stock gave a breakout from its congestion zone of Rs 570-572 on the higher side, which was acting as a strong resistance. It has now been broken on a closing basis.
Our second recommendation would be to buy IndusInd Bank for a target of Rs 978 and stoploss can be fixed at Rs 895. Recent correction in this stock from the levels of Rs 970 precisely halted around its 50 percent retracement level of the previous upmove. After forming a strong base around this important support level, this stock has now moved up.
Ashish Kyal of wavesstrategy.com
The first stock will be sell on Sun Pharmaceutical today. This stock has continued to move lower impulsively after making a high of Rs 900 and overall pharmaceutical space has been weak over the past few months. So the downtrend can continue in Sun Pharma over short-term. One can sell this stock with a stoploss of Rs 762 on upside and target can be expected near Rs 670.
The next stock is going to be buy on Petronet LNG. This stock has shown some smart recovery from the levels of Rs 170 and currently trading around Rs 220. So the short-term momentum is on upside. One can buy Petronet LNG at current market price with a stoploss of Rs 205 and target can be expected on upside near Rs 243.
Hemen Kapadia of KRChoksey Securities
I have a buy call on Aurobindo Pharma. It has reflected near-term strength by posting a higher top higher bottom formation on the intraday charts. The stock seems set to convert this intraday positivity into a short-term uptrend. The mechanical indicators on the intraday charts are supporting the move and have signalled a buy indicating the stock's intention to appreciate further from here. One can buy Aurobindo Pharma at its closing of around Rs 832, stoploss of Rs 828 and the target of Rs 840.
I have a buy call on Kaveri Seed. It has reflected near-term strength by giving an upward key reversal on the daily chart. Mechanical indicators on the intraday charts are also supporting the move has signalled the buy indicating the stock's intention to appreciate further from here. One can buy Kaveri Seeds at its closing of around Rs 417, stoploss of Rs 413 and a target of Rs 425.The Great Diwali Discount!
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First Published on Nov 23, 2015 08:57 am