On CNBC-TV18's show Super Six, market gurus Shrikant Chouhan of Kotak Securities, Vishal Kshatriya of Edelweiss and Hemen Kapadia of KR Choksey 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.
Shrikant Chouhan of Kotak Securities
Power Finance Corporation (PFC) is into monthly breakout. The stock has broken its very important level of Rs 171 after a time of almost three months. The stock is closed well above this particular level with good volumes. From here, the stock can go to the next levels of Rs 192-193 in next one-two days of time and we can trade long with a minimal stop loss at Rs 168.
Reliance Capital is into breakout. The stock has broken its falling trendline at Rs 318, the stock is trading above that particular level, the stock is also diverging positively on daily basis. At the same time, the stock has broken its last 25 days highest levels at Rs 325. Broadly the stock is into breakout formation and from here the stock can move to the next levels of Rs 350-355. We are long on Reliance Capital at current levels with a final stop loss at Rs 320.
Vishal Kshatriya of Edelweiss
My first pick for the day is going long on Bharat Heavy Electricals Ltd (BHEL). The stock has given inverted head and shoulder pattern breakout with good volumes on its weekly chart. Derivatives are also indicates long build up in a stock. Traders can initiate long March futures at current market price with a target price of Rs 200, maintain stop loss below Rs 172.
My second pick for the day is going long on Canara Bank. The stock has given a breakout with good volumes. Derivatives data also indicates long built up in a stock. Traders can initiate long with a target price of Rs 265, maintain stop loss below Rs 225.
Hemen Kapadia of KR Choksey Securities
I have a buy call on United Spirits. The stock has reflected strength by giving an upward bar reversal or higher volume. The mechanical indicators are supporting the move, have signaled a buy and the stock has shown intraday strength indicating its intention to appreciate further from here. One can buy United Spirits with a closing of around Rs 2,470, stop loss of Rs 2,455 and a target of Rs 2,500.
I have a sell call on Apollo Hospitals Enterprises. It has reflected weakness by giving a downward breakout on the intraday chart. The stock is below 55-day exponential moving average (EMA) and the mechanical indicators are in sell mode indicating the stock’s intention to depreciate further from here. One can sell Apollo Hospitals at a closing of around Rs 888 with a stop loss of Rs 893 and a target of Rs 878.
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