On CNBC-TV18's show Super Six, market gurus Simi Bhaumik, Gaurav Bissa 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.
Simi Bhaumik of simibhaumik.com
I would suggest SKS Microfinance to go long today. This stock has staged a fresh breakout above Rs 563 and it is expected to do well today. My stoploss would be below Rs 550 and targets on the upside would be Rs 578 and Rs 584. Second stock is Motherson Sumi Systems. This stock is also looking well and it is likely to do well even today. Stoploss should be below Rs 262 and targets would be Rs 278 and Rs 282.
Gaurav Bissa of LKP Securities
My first recommendation today is a buy on Pidilite Industries. The stock has been trading in a range last few weeks, even few months. It was relatively stable as compared to some of the other midcaps which witnessed significant battering when it was seen plunging. I would recommend going long for target of Rs 625 and one can have a stoploss at Rs 585. My second recommendation is a buy on SKS Microfinance. The stock has seen consistent short covering; a very positive sign for the stock and this has been followed by fresh longs. It is one of the very beautiful patterns for the derivative part. It makes a good case for going long. For a short-term target of Rs 585 which if held can lead to another 30-40 points move from those levels. One can have a small stoploss at Rs 555 and go long in the stock.
Ashish Kyal of wavesstrategy.com
If you look at the charts of Asian Paints, this stock has continued to outperform when the volatility in the overall market has increased. There is a potential that this stock might outperform, both from short to medium-term perspective. One can buy Asian Paints with a stoploss of Rs 875 and the short-term target can be expected at Rs 935 on upside. The next stock is going to be sell on Maruti Suzuki. This stock has been drastically underperforming and we can see there has been a sharp sell-off from Rs 4,600 level to near about Rs 3,750 and still there is no recovery in the stock even when Nifty managed to close positively. This has been an underperformer. One can sell Maruti with a stoploss of Rs 3,880 and the target can be expected near the zone of Rs 3,530 on long side.
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