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Super Six stocks you can bet on June 1

Gaurav Bissa of LKP Securities is of the view that one may buy Bosch with a target of Rs 23000.

June 01, 2016 / 11:20 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Gaurav Bissa 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.Hemen Kapadia of KRChoksey SecI have a sell call on ACC. It has reflected near-term weakness by giving a downward key reversal on daily chart. The mechanical indicators on the intraday charts are supporting the move, have signalled a sell indicating the stock intention to depreciate further from here. One can sell ACC at its closing of around Rs 1,532 with a stoploss of Rs 1,540 and a target of Rs 1,516.I have a buy call on Bata India. It has reflected near-term strength by giving a high volume recovery. Mechanical indicators on the intraday charts have turned positive, the stock has entered a short-term uptrend indicating the stock intention to appreciate further from here. One can buy Bata at its closing of around Rs 571, stoploss of Rs 567 and target of Rs 579.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on Bosch. Being in Nifty, it has been participating in Nifty’s rally. It is just about on the verge of giving a strong breakout or you can also say that it has almost given a strong breakout on daily charts. One can have a small stoploss of Rs 22,100, go long on this stock. The targets would be Rs 23,000.Second recommendation would be buy on State Bank of India (SBI). This stock has seen good amount of upside post the announcement of quarterly numbers and then it has been trading in a very narrow range of Rs 195 and Rs 200. Yesterday it came out of this range, closed above the crucial level of Rs 202. One can have a stoploss of Rs 198 and go long in the stock and play for targets of Rs 220.Kunal Saraogi of EquityrushMy first stock call for the day will be a buy on Tata Motors which had a splendid run in yesterday’s trade and I expect for the momentum there to continue. One can buy Tata Motors at the current levels with a stoploss at Rs 450 and a target of Rs 466.My second pick will be a buy on Biocon. The stock has been outperforming the index for quite a while now and it has broken out afresh on the charts. It can be bought with a stoploss of Rs 708 and a target of Rs 740.

first published: Jun 1, 2016 08:45 am

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