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Super Six stocks that can give you handsome returns

Gaurav Bissa of LKP Securities recommends buying Sun TV with a target of Rs 375 and BPCL with a target of Rs 900.

September 24, 2015 / 10:45 IST
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On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi, Gaurav Bissa 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 betsGaurav Ratnaparkhi of SharekhanI have a buy call on Cairn India. After multi-month declines the stock has entered into a pullback mode which it was breaking up into lower degree wave. Within that pullback it has formed consolidation for last couple of weeks. The consolidation has taken form of a bullish triangular pattern which has broken out on upside in the last session. The daily momentum indicator has given a fresh buy signal. So, this is a good level to buy this stock from short-term perspective and stop loss can be placed at Rs 144 and target will be Rs 160. Union Bank of India has a potential to form an inverted head and shoulder pattern which is a bullish pattern. Currently, right shoulder of the pattern is in formation. The right shoulder has taken support near its crucial daily as well as weekly moving averages. Even the short-term momentum indicators are in line with the bullish pattern formation. So, Union Bank has a decent upside potential from current level. From trading perspective, stop loss can be placed at Rs 174 and target will be Rs 195.Gaurav Bissa of LKP SecuritiesMt first recommendation is a buy on Sun TV. The stock has been trading overall in the range for last few weeks but this time derivatives as well as technical parameters are showing good signs of an upmove in this stock. Momentum indicators are just about started turning up and whenever they have started turning around from these lower levels it has been favoured by 5-7 percentage points jump. The translation in the upside would be somewhere around towards Rs 375 levels. I recommend going long with the stop loss of somewhere around Rs 359 keeping the targets of Rs 375 in the sight. My second recommendation is a buy on BPCL. On all of these oil marketing companies (OMCs) after witnessing correction they have been trading in a range. This time around it is again going to be a trading buy on BPCL. One of the rational on expiry day they have a tendencies of moving up strongly from the support levels. Chances are these stock will see some more upside in coming days. I recommend going long with targets of Rs 900 keeping the stop loss of Rs 862.Aditya Agarwal of Way2Wealth SecuritiesMy first call for the day will be a buy call in HDFC. The stock is trading in a band of Rs 1,140 and 1,240 for the last couple of weeks. The level of Rs 1,140 has proved as a strong support area for this counter and multiple times we are seeing that stock has seen a good reversal from those levels. In yesterday’s session, the stock tested levels of Rs 1,140-1,145 and from those levels some short covering was seen. We are expecting this short covering may continue for some more time and on higher side this stock may again retest Rs 1,240 level. So at current level, one may buy HDFC keeping a stop loss of Rs 1,140 and on higher side targets will be Rs 1,240. Second call for a day will be a buy call in Jubilant Foodworks. If we see Jubilant Foodworks on weekly chart then Rs 1,530-1,525 is a very strong support area and from those levels at multiple times we had seen a good reversal. Yesterday we saw good pullback from lower levels. So we are expecting that we can see some more short covering in the stock. On higher side it can test Rs 1,675 levels, so around Rs 1,575 one may go long in Jubliant Food keeping a stop loss at Rs 1,525 and on higher side target will be Rs 1,675.

first published: Sep 24, 2015 08:55 am

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