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Super Six stocks you can bet on October 26

Hemen Kapadia of KR Choksey Securities is of the view that one may buy Jubilant Foodworks with a target of Rs 1541.

October 26, 2015 / 09:25 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Hemen Kapadia 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.Manas Jaiswal of manasjaiswal.com For the last two months HDFC Bank was making higher tops and higher bottoms on the daily chart but for last 15 trading sessions, it was facing some resistance near Rs 1,100 mark. On Friday it broke that Rs 1,100 mark with decent volumes. So we may see further upmove. It can test Rs 1,125 in next one-two trading sessions, so one can buy it with a stoploss of Rs 1,100.Syndicate Bank has made a strong base near Rs 75. Thereafter it started making higher tops and higher bottoms on a daily chart. On Friday, it broke its 100 day moving average (DMA) with higher volumes. So we may see further upmove, it can test its 200 DMA, which is placed near to Rs 100. So one can buy it with a stoploss of Rs 93.Hemen Kapadia of KR Choksey SecuritiesI have a buy call on Jubilant Foodworks. It is oversold, looks set for a recovery. From a very near-term point of view, the intraday mechanical indicators have turned positive, have signalled a buy, indicating the stock's intention to appreciate further from here. One can buy Jubilant Foodworks at its closing of around Rs 1,521, stoploss of Rs 1,511 and a target of Rs 1,541. I have a buy call on JSW Steel. It is looking positive, has closed above and sustained above 55 day exponential moving average. The mechanical indicators on the daily charts have turned positive, have signalled a buy. The hourly mechanical indicators have also signalled a buy indicating the stock's intention to appreciate further from here. One can buy JSW Steel at its closing of around Rs 917, stoploss of Rs 912 and a target of Rs 927.Gaurav Bissa of LKP SecuritiesMy first recommendation today is buy on JSW Energy. The stock had a very strong run from sub Rs 80 levels to levels around Rs 95-94, then it witnessed some amount of dip, again they started picking up action. For now I recommend going long on JSW Energy for a trading target of Rs 98, keeping this stoploss at Rs 90.My second recommendation today is sell call on Marico. On hourly rotation, I had given recommendations for a buy in trade, a long trade, a bullish trade. The reason was that fresh longs were seen getting built however the stock did not manage to trade above Rs 400-500 levels. I recommend selling Marico for the target of Rs 370, keeping the stoploss at Rs 395.

first published: Oct 26, 2015 08:53 am

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