HomeNewsBusinessStocksSuper Six stocks you can bet on December 30

Super Six stocks you can bet on December 30

Manas Jaiswal of manasjaiswal.com is of the view that one may buy Britannia Industries with a target of Rs 3050.

December 30, 2015 / 10:14 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Gaurav Bissa and Manas Jaiswal, 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 SecuritiesI have a buy call on Britannia Industries. The stock has reflected near-term strength by giving a high volume upmove. The stock has also closed above the 55-day moving average. Mechanical indicators are supporting the move, have signalled a buy indicating the stocks intention to appreciate further from here. One can buy Britannia at its closing of Rs 2,970, stoploss of Rs 2,945 and a target of Rs 3,020I have a sell call on Cipla. It has reflected near-term weakness by giving a downward key-reversal on the daily chart. The stock has also posted a lower top, lower bottom on the intraday charts. The mechanical indicators on the intraday charts have reflected negative divergence, have signalled a sell, indicating the stocks intention to depreciate further from here. One can sell Cipla at its closing of around Rs 654, stoploss of Rs 658 and a target of Rs 646.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on Indiabulls Housing Finance. The stock has seen a good thrust on account of short-covering for a consistent few trading sessions and that gave a good push form the levels of around Rs 680-690. One can initiate a long for a target of Rs 770. One can have a small stoploss of Rs 710.My second recommendation is a buy on Petronet LNG. The stock has seen a good breakout above Rs 220 kind of levels. A lot of long positions are seen getting built but these positions are seen long rolls which is a very positive sign that the positions are still intact, we are not seeing a good amount of long unwinding, position being there in the system. It implies that we may see some more upside in coming days. I would recommend going long in Petronet LNG with a stoploss of Rs 242. One can play for targets of Rs 260 and above.Manas Jaiswal of manasjaiswal.comBritannia Industries is a buy call. Stock took support near the 200-day moving average two days back and bounced back sharply. Yesterday, it broke the resistance of Rs 2,950 with higher volumes. So, we may see further upmove. It can test Rs 3,050. So, one can buy it with a stoploss of Rs 2,950.SKS Microfinance is making higher tops and higher bottoms from the level of Rs 430. Yesterday, it broke the support of Rs 490 with decent volumes. So, we may see further upmove. It can test Rs 508. So, one can buy it with a stoploss Rs 490.

first published: Dec 30, 2015 08:59 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!