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Super Six stocks you can bet on November 20

Gaurav Bissa of LKP Securities advises buying ITC with a target of Rs 370.

November 20, 2015 / 09:50 IST
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On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi, Simi Bhaumik 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.Simi Bhaumik of simibhaumik.comI would recommend TVS Motor today. It is overall a good chart. It has recovered from a strong support level of Rs 287 yesterday and it has given a strong closing as well. Buying TVS Motor, put a stoploss below Rs 287 expecting a target of Rs 299-302. These levels are likely to be reclaimed today itself.In Sasken Communication there has been a flat breakout on the charts yesterday and expecting it to do well today, my stoploss should be below Rs 310, targets would be Rs 336 and Rs 341.Gaurav Ratnaparkhi of SharekhanI have a buy call on Hindustan Petroleum Corporation (HPCL). In last few weeks it has fallen from its weekly upper Bollinger band towards its 40 week exponential moving average (EMA) and from there the stock has entered pullback mode. The daily momentum indicator that has been showing positive divergence has triggered bullish crossover. so I have a buy call with stoploss at Rs 774 and target will be Rs 840.Century Textiles in the week gone by has taken support near a region where it had taken support multiple times in the recent past. From there the stock has started a fresh rally. In terms of wave structure the stock is forming an impulse on the upside. The daily and weekly momentum indicators are in line with the bullish development. So Century Textiles is also a good buying candidate and stoploss can be placed at Rs 560 and target will be Rs 610.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on ITC. The stock has been holding up quite well in past few trading sessions adding much near support to the Nifty. The rationale behind this stock is that the stock has seen a fresh long position of getting built on a consistent basis. All in all this augurs well for the stock. I recommend going long in the stock for the target of Rs 370, keeping a stoploss of Rs 342.Divis Laboratories is a defensive counter reason being that we are on the cusp of a breakout but it is very difficult to say whether we will be holding or not. So for now playing with the defensives which are on the verge of giving a strong move would make sense. I would recommend going long on Divis Lab for target of Rs 1,190 keeping a stoploss at Rs 1,125.

first published: Nov 20, 2015 08:46 am

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