HomeNewsBusinessStocksSuper Six stocks you can bet on July 11

Super Six stocks you can bet on July 11

Jay Thakkar of Sharekhan is of the view that one may buy Mcleod Russel with a target of Rs 222.

July 11, 2016 / 10:02 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

On CNBC-TV18's show Super Six, market gurus Sameet Chavan, Jay Thakkar and Kunal Saraogi, 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.Sameet Chavan of Angel BrokingI have a buy call on Reliance Industries for a target of Rs 1,042. This stock recently gave a good price volume breakout from a downward sloping trend line around Rs 975-976 which was acting as a strong resistance. We have an immediate target of Rs 1,042 and it can be bought by keeping a strict stoploss at Rs 952.I have a buy call on Aban Offshore. This stock gave a good price volume breakout three days back from a downward sloping line and Rs 222 was acting as a strong resistance. This stock gave a decisive breakout from strong resistance zone with humongous volume. Going forward we expect this stock to move towards Rs 260 which would be our initial target for Aban Offshore and it can be bought on any dip by keeping a strict stoploss at Rs 210. Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.Jay Thakkar of SharekhanBuy Mcleod Russel with a stoploss at Rs 206 and target of Rs 222Buy HDFC with a stoploss at Rs 1252 and target of Rs 1343Kunal Saraogi of EquityrushI have a buy call on LIC Housing Finance. All NBFCs did well in Friday's trade, so I expect that momentum to continue. However, LIC has broken out a fresh on the charts, can be picked up with a stoploss of Rs 503 and target of Rs 530. I have a buy call on Power Finance Corporation (PFC). It has broken out decisively. It can be bought with a target Rs 205 with a stoploss at Rs 190.

first published: Jul 11, 2016 09:11 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!