Sameet Chavan of Angel Broking advises buying State Bank of India with a target of Rs 258.
On CNBC-TV18's show Super Six, market gurus Rajat Bose, Sameet Chavan 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.
Rajat Bose of rajatkbose.com
I would like to recommend selling Maruti Suzuki. It has shown an evening star formation on the charts and it has closed at Rs 4,620, now expecting it touch Rs
4,528 on the downside. It is on the way down and put a stoploss at above Rs 4660.
I recommend sell on Cipla. It is in a downtrend, it has completed its distribution phase and it is going down, it has broken some important lows of Rs 625-
623.50 on the last trading session with high volume activity. The trend is likely to continue further. So it is a sell with a stoploss of about Rs 626 and the target for
the day would be another low that was posted on August 25, Rs 605.90.
Sameet Chavan of Angel Broking
Our first recommendation would be to buy State Bank of India (SBI) for a target of Rs 258 and stoploss of Rs 232. After forming a strong base around its near-
term support zone of Rs 232, the stock is now poised for a very good upmove in the near-term. Looking at the hourly chart structure as well as daily chart
structure, we expect this stock decline towards Rs 258 over the next few trading sessions.
Our second recommendation would be to short Hindustan Petroleum Corporation Ltd (HPCL) for a target of Rs 702 and stoploss can be kept at Rs 794.
Gaurav Bissa of LKP Securities
My first recommendation today is a buy on Asian Paints. I recommend going long in Asian Paints for target price of Rs 845, keeping the stoploss at Rs 775.
Second recommendation today is a buy call on CESC. I recommend going long in this stock for target price of Rs 595, keeping the stoploss at Rs 535The Great Diwali Discount!
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First Published on Nov 16, 2015 08:59 am