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Super Six stocks that can give handsome returns today

Gaurav Ratnaparkhi of Sharekhan recommends buying Tata Comm with a target of Rs 452 and a stop loss at Rs 419 and Mahindra & Mahindra Financial Services with a target of Rs 249 and a stop loss at Rs 230.

October 20, 2015 / 11:53 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Malkan, Gaurav Ratnaparkhi and Ashish Kyal, 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 Malkan of malkansview.com My first pick is NIIT. It has given a good breakout above the important resistance of Rs 95 on a daily basis with good volumes on daily chart. Hence I recommend a buy with a stop loss of Rs 97 for targets of Rs 112.My second pick is Voltas. It has broken above the resistance of Rs 280 on a daily closing basis. Momentum has entered into bullish zone. Hence I recommend a buy with a stop loss of Rs 275 for targets of Rs 299.Gaurav Ratnaparkhi of SharekhanI have a buy call on Tata Communications. It has formed a bullish triangular patterns over last couple of weeks. The pattern has been formed above its crucial daily moving averages, which are there to provide support to the counter. So I have a buy call on Tata Communications with stop loss of Rs 419 and target will be Rs 452.My second pick is Mahindra and Mahindra Financial Services. It is in a bearish phase since last few months, however the stock now looks poised for a short-term pullback. The short-term momentum indicators are pointing towards the bounce and as per wave structure, the equality target for the bounce comes to Rs 249 and stop loss for the bullish view can be placed at Rs 230.Ashish Kyal of wavesstrategy.comThe first stock we have picked up is Britannia Industries which has continued to move higher and has formed a very important low near around Rs 3,150. After forming that pivot low, it has sharply moved higher with a strong momentum. So it is better to stay with this outperformer and the stop loss on the stock will be Rs 3,200 and the target we can expect around Rs 3,450 on upside.Second stock which will be in buy is Dr Reddy's Laboratories (DRL). This stock has been moving independent to the overall equity market and has been touching new 52-week high, so it is better to buy DRL at current market price (CMP) with a stop loss of Rs 4,275 and the target we can see around Rs 4,450 levels on upside.

first published: Oct 20, 2015 08:54 am

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