On CNBC-TV18's show Super Six, market gurus Meghana V Malkan, Vishal Kshatriya and Manas Jaiswal 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.
Meghana V Malkan, malkansview.com
Dr Reddy's Laboratories seems to be taking support at Rs 2,920 levels which is also a change in polarity level for the stock. It has been consolidating at this level since the past three-four trading sessions. It attempted to move up yesterday from this level. Hence a buy call with a stoploss of Rs 2,935 for target of Rs 3,010-3,040.
LIC Housing Finance is taking resistance at Rs 335 levels but it formed a bullish candlestick pattern yesterday, closed at the resistance with good volumes. I would therefore go long on LIC Housing Finance with a stoploss of Rs 327 for targets of Rs 345-352.
Vishal Kshatriya, Edelweiss
Mindtree managed to bounce back from its trendline support placed on its weekly chart and beside this we have also seen a spot in volume which indicates that emerging demand in the stock that supports level. Technical oscillators have also given buy signal. Traders can initiate long position at current market price with a target price of Rs 1,150 and maintain a stoploss below Rs 960.
The overall trend in Federal Bank is positive which is depicted by formation of higher tops and higher bottoms on its daily chart. The stock has also given a breakout with good volumes on its daily chart. Technical oscillators continue to trade with a positive bias. I would recommend traders to go long at current market price with a target price of Rs 150-155 and maintain a stoploss below Rs 135.
Manas Jaiswal, manasjaiswal.com
IRB Infra witnessed good buying interest and it has broken the neckline of inverse head and shoulder pattern on daily chart. It broke the 50 day moving average with good volume. So, we may see further upmove. It can test Rs 254 in next two-three trading sessions, so one can buy it with a stoploss of Rs 239.
NHPC has made a strong base near Rs 19. Yesterday it witnessed good buying interest and broke the resistance of Rs 19.50 with good volumes, oscillators are showing positive crossover. So, we may see further recovery, it can test Rs 21 in next two-three trading sessions. One can buy it with a stoploss of Rs 19.
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