Rajeev Agarwal of dynamixresearch.in suggests selling GAIL India with a target of Rs 333-323 and Housing Development and Infrastructure (HDIL) with a target of Rs 46-42.
On CNBC-TV18's show Super Six, market gurus Hemen Kapadia of KR Choksey Securities, Rajeev Agarwal of dynamixresearch.in and Shrikant Chouhan, Kotak Securities 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.
Hemen Kapadia, KR Choksey Securities
I have a buy call on Larsen and Toubro (L&T). It is deeply sold on intraday chart, in fact it is oversold. The mechanicals indicators seem to suggest a possibility of a bounce back. There is lot of resilience and it is close to support levels indicating the stock’s intention appreciate further from here. One can buy L&T at closing of Rs 1,049 with a stop loss of Rs 1,043 and an intraday target of Rs 1,061.
I have a sell call on Tata Global Beverage. It has reflected weakness on intraday charts; most of the oscillators have signaled a sell. The stock has posted a fresh 12 trading session low, it has also given a mini breakdown on the intraday charts indicating the scrip’s intention to depreciate further from here. One can sell Tata Global at closing of around Rs 145 with a stop loss of Rs 148 and intraday target of Rs 139.
Rajeev Agarwal of dynamixresearch.in
I have a sell call on GAIL India. It has given head and shoulder breakdown on chart below Rs 342 level, so one can attempt shorts in the range of Rs 340 to Rs 342 with a stop loss above Rs 351 on closing basis. My initial target is around Rs 333 and next logical target is Rs 323 in next five-seven trading sessions.
I have a sell call on Housing Development and Infrastructure (HDIL). One can attempt short in range of Rs 48.50-49 with stop loss above Rs 51 on closing basis. My initial target is around Rs 46 and next logical target is around Rs 42 in next 10-15 trading sessions.
Shrikant Chouhan, Kotak Securities
I have a buy call on Infosys for the day. The stock has narrowed down its activity on weekly basis and it is very close to its breakout level of Rs 3,390. We can trade long at current levels with a final stop loss at Rs 3,340 on the downside, for the target of Rs 3,450-3,460.
Today one can trade long on Hindustan Unilever (HUL). This stock is forming higher top kind of formation on intraday charts as well as volumes are encouraging. The stock is in the range of Rs 555 and Rs 560 since last three-four days of time. One can expect a bullish breakout in next one-two days of time. One can trade long at current levels with a final stop loss at Rs 554 for the target of Rs 580 on the higher side.
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