On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Hemen Kapadia of KR Choksey Securities and Pritesh Mehta of IIFL 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.
Manas Jaiswal of manasjaiswal.com Adani Enterprises is making higher tops and higher bottoms for the daily chart and on Thursday, it has broken its resistance of Rs 240 with decent volumes. So we may see further upmove, the stock can test Rs 260 in next one-two trading sessions, one can buy the stock at current levels with a stoploss of Rs 240. After five days fall, Andhra Bank has taken support near Rs 60 and has recovered it smartly. On the daily chart, it has made a piercing pattern. So we may see further recovery, the stock can test Rs 65 in next one-two trading sessions so one can buy the stock at current levels with a stoploss of Rs 59. Hemen Kapadia of KR Choksey Securities I have a buy call on Dabur India. Dabur has made a small base on the daily chart. Mechanical indicators continue to look positive on the intraday chart. The stock is oversold, setting the stage for a rebound from here, indicating near-term appreciation. One can buy Dabur near its closing of around Rs 164 with a stoploss of Rs 162 and a target of Rs 168. I have a buy call on IDFC. The stock has reflected strength on the intraday charts, most of the mechanical indicators have turned bullish, have given a buy signal, the stock has entered in an intraday uptrend indicating its intention to appreciate further from here. One can buy IDFC at its closing of around Rs 104 with a stoploss of Rs 102 and an intraday target of Rs 108. Pritesh Mehta of IIFL Our first recommendation is buy on Bank of Baroda. This stock on multiple occasion has bounced back from their support of its trendline. We expect that the recent recovery to take that stock price back to levels of Rs 635 in next three-four trading sessions. Buy Bank of Baroda above Rs 606 with a stoploss of Rs 595 for a target of Rs 635. Our second recommendation is buy on Power Finance Corporation (PFC). This particular stock has made all the right bullish patterns. First it gave a breakout from this slanting resistance line and then it regained control of 100 day moving average (DMA) for the first time since May 2013 and thirdly, it gave a flat breakout in last week’s trading session about the levels of Rs 147 so buy above Rs 149 with a stoploss of Rs 144 for a target of Rs 161, which is its 200 day moving average (DMA).Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!