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Super Six stocks you can bet on March 15

Gaurav Bissa of LKP Securities is of the view that one may buy Exide Industries with a target of Rs 140.

March 15, 2016 / 10:35 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Ashish Kyal and Gaurav Bissa, 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 SRF. The stock has reflected near term strength by giving high volume recovery. The mechanical indicators on the intraday charts have turned positive, have signalled a buy. The stock is sustaining over 55-day moving average indicating its intention to appreciate further from here. One can buy SRF at closing of Rs 1,198 with a stoploss of Rs 1,190 and a target of Rs 1,214.I have a buy call on Hexaware Technologies. The stock has reflected near term strength by sustaining above 13-day moving average and the mechanical indicators on the intraday charts have turned positive, have signalled a buy. The stock has entered an intraday uptrend indicating its intention to appreciate further from here. One can buy Hexaware at closing of Rs 261 with a stoploss of Rs 258 and a target of Rs 267. Ashish Kyal of wavesstrategy.comI have a buy call on Tata Motors. We can see that Tata Motors has been outperforming since first week of February when Nifty went down and touched the low of 6,825, Tata Motors managed to form a higher low - that itself showed some outperformance. One can create long positions at current market price, keeping a stoploss of Rs 345 on downside and the target expected is around Rs 388-390 levels on upside. I have a buy call on Bajaj Finance. This stock has given a pattern breakout of triangle just in the previous session and the target as per this pattern breakout comes to Rs 6,800 on upside. So there is a possibility that the price can rush back on the positive side. One can buy Bajaj Finance keeping a stoploss of Rs 6,300 and target expected is Rs 6,800 levels.Gaurav Bissa of LKP SecuritiesI have a buy call on Exide Industries. The stock has been trading in a range for the last few days but this has been forming good amount of longs. Short covering was seen for fresh longs and that is a positive sign for the stock. I would recommend going long for target of Rs 140, keeping a stoploss at Rs 134.5. I have a sell call on IndusInd Bank. A lot of long positions seen getting build, a lot of price action was also seen on charts but having said that there was a false breakout above Rs 920-925 kind of levels, which lot of participants thought will be held on to. Unfortunately that didn't happen. I would recommend going short in this stock, one can have a stoploss at Rs 935 for targets of Rs 885.

first published: Mar 15, 2016 09:15 am

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