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Super Six stocks you can bet on October 9

According to Jay Thakkar of ShareKhan, one may buy Adani Ports with a target of Rs 332-334

October 09, 2015 / 09:35 IST
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On CNBC-TV18's show Super Six, market gurus Manav Chopra, Jay Thakkar and Ashish Kyal, 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.Manav Chopra of Networth Stock BrokingI have a buy call on Bank of India. The stock recently has breached its bullish head and shoulder pattern on daily chart and has managed to close above its neckline and has been sustaining above it since past two trading sessions. On the lower side Rs 142 to Rs 144 is an important support which would act as a cushion in case of any decline. We recommend a buy with a stoploss at Rs 142 and we expect an upside target of Rs 160. I have a buy call on Larsen and Toubro (L&T). The stock after a breakout from its recent falling trendline has seen a short-term pullback rally close to its support zone. In the near term we expect the stock to outperform. At the current levels, we recommend a buy with a stoploss of Rs 1,500 and we expect an upside target of Rs 1,650.Jay Thakkar of ShareKhanI have a buy call on Adani Ports and Special Economic Zone. The stock has fallen in a falling wedge pattern. We generally see falling wedge pattern in three wave corrective rally. The third wave of this corrective rally seems to have begun and in this it will inch towards the level of Rs 332 to Rs 334. On the lower side Rs 315.20 is a good support, so with that as a stoploss one can buy Adani Ports with a target of Rs 332-334. I have a buy call on UltraTech Cement. One can buy this stock because it has formed an inverse head and shoulder pattern on the daily charts. On the hourly charts the stock has been in upwards roaming parallel channel. It is also inching towards the upper end of the channel which is same as the conservative target of the inverse head and shoulder pattern. The momentum indicators are well into the buy mode and based on these technical evidences, I feel one can buy UltraTech Cement for a target of Rs 2,956 with a stoploss of Rs 2,770. Ashish Kyal of wavesstrategy.comWe are picking up NIIT because the stock has drastically moved higher from the level of Rs 75 and touched the high around Rs 100 levels. So there looks to be some kind of momentum which is ongoing right now and the uptrend can continue from here as well. So one can buy NIIT with a stoploss of Rs 91 on downside and the target can be expected around Rs 104.20. I have a buy call on Granules India. The chart of this stock has taken good support near 20 days moving average and bounced back from that. On the daily scale and the hourly scale the trend remains positive for the stock. One can buy with a stoploss of Rs 146 and the target can be expected on upside around Rs 170.

first published: Oct 9, 2015 09:00 am

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