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Super Six stocks you can bet on May 20

Ashish Kyal of wavesstrategy.com is of the view that one may buy Aditya Birla Nuvo with a target of Rs 1115.

May 20, 2016 / 10:33 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Ashish Kyal 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 buy call on Pidilite Industries. The stock has reflected near-term strength by entering a short-term uptrend. It has also sustained above the 55-day moving average. Mechanical indicators are supporting the move, have signaled a buy indicating the stocks intention to appreciate further from here. One can buy Pidilite at its closing of around Rs 616, stoploss of Rs 612 and target of Rs 624. I have a sell call on Just Dial. It has reflected near-term weakness by closing below the 55-day moving average. Mechanical indicators have indicated sell after reflecting negative divergence indicating the stock intention to depreciate further from here. One can sell Just Dial at its closing of around Rs 723, stoploss of Rs 727 and a target of Rs 715. Ashish Kyal of wavesstrategy.comFirst stock for today on the buy side is going to be Aditya Birla Nuvo. We can see that in the previous session when the broader market was falling, this stock managed to outperform and still happen to close on the positive note. Also, the rise has been increasing on the upside with increase in momentum. So, the buy side is going to be Aditya Birla Nuvo, keeping a stoploss of Rs 990 and the target can be expected at Rs 1,115. Second call is going to be on the sell side is Bharat Forge. We can see that this stock has been moving lower after touching the high of Rs 840 and the speed with which it is moving down, is increasing with each passing day. So, Bharat Forge can be sold keeping a stop loss of Rs 745 and the target can be expected at Rs 680 levels on downside.  Kunal Saraogi of EquityrushMy first call for the day will be a sell on Vedanta which has broken through a major support area. I think the stock can get to Rs 94 levels; one should short with a stop loss at Rs 97.5. My second pick will be a sell on UPL. I think the stock is beginning to top out at the current. It can be sold with the target of Rs 545 and with a stop loss at Rs 570.

first published: May 20, 2016 08:49 am

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