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Last Updated : Nov 24, 2015 10:29 AM IST | Source: Moneycontrol.com

Super Six stocks you can bet on November 24

Sameet Chavan of Angel Broking is of the view that one may buy Dewan Housing Finance Corporation (DHFL) with a target of Rs 235.


On CNBC-TV18's show Super Six, market gurus Sameet Chavan, Ashish Kyal and Hemen Kapadia, 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.

Sameet Chavan of Angel Broking

Our first recommendation would be to buy CESC for a target of Rs 585, stoploss Rs 541. On November 13, we witnessed a 6 percent up move in CESC. It was followed by five days of consolidation. During yesterday’s session, we witnessed a very good up move to surpass its near-term hurdle of Rs 555 on a closing basis.

Our second recommendation would be to buy Dewan Housing Finance (DHFL) for a target of Rs 235, stoploss Rs 209. If we look at the broader view chart structure, the stock is in a consolidation mode wherein recent correction precisely halted around its 78.6 percent retracement level. After consolidating around this important support level, the stock is now showing some signs of strength.

Ashish Kyal of wavesstrategy.com

The first stock today in buy is Gas Authority of India (GAIL). We have seen very strong recovery in this stock over past few days and it has managed to cross above even the strong resistance level of Rs 330. This strong trend should continue over next few days as well. One can buy Gail with a stoploss of Rs 340 on downside and target is expected at Rs 390.

The second stock pick is Godfrey Phillips. This stock is moving higher impulsively and looks like it is in third wave currently which should continue towards Rs 1,500 levels. Trading strategy is going to be buying Godfrey Phillips with a stoploss of Rs 1,260 and expecting a target of Rs 1,500 on upside.

Hemen Kapadia of KRChoksey Securities

I have a buy call on Ceat. It has been moving sideways for four trading sessions on the daily charts. Mechanical indicators on the intraday charts are turning positive, the stock looks set to give a mini upward breakout on the intraday charts indicating its intention to appreciate further from here. One can buy Ceat at its closing of around Rs 1,054, stoploss of Rs 1,046 and a target of Rs 1,070.

I have a buy call on CESC. It has reflected strength by giving a breakout on the daily charts with higher volume. Mechanical indicators on the daily charts and intraday charts are supporting the move, have signaled a buy indicating the stocks intention to appreciate further from here. One can buy CESC at its closing of around Rs 558, stoploss of Rs 554 and a target of Rs 566.

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First Published on Nov 24, 2015 08:57 am
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