On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Hemen Kapadia and Manas Jaiswal, 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.
Vishal Kshatriya of Edelweiss
Reliance Infrastructure has given declining trendline breakout with good volumes. Technical oscillators are also trading with positive bias. Traders can initiate long at current market price with the first target of Rs 800 and a final target of Rs 820, maintain stoploss below Rs 710.
Century Textiles and Industries has given trading range breakout with good volumes on its daily charts. Technical oscillators have also given buy signal. Traders can initiate long at current market price with a target price of Rs 660, maintain stoploss below Rs 620.
Hemen Kapadia of KR Choksey Securities
I have a sell call on Mahindra and Mahindra (M&M). It has reflected near-term weakness by giving a downward key reversal on the daily chart. The stock has reflected weakness on the intraday chart, the mechanical indicators have reflected negative divergence, have signalled a sell indicating the stock’s intention to depreciate further from here. One can sell M&M at its closing of around Rs 1,396 with a stoploss of Rs 1,406 and a target of Rs 1,376.
I have a buy call on Divis Laboratories. It has reflected near-term strength by giving a high volume upward bar reversal on the daily chart. The mechanical indicators on the daily charts are supporting the move, have signalled a buy, the stock has entered an intraday uptrend and mechanical indicators on the intraday chart are also looking positive indicating the stock’s intention to appreciate further from here. One can buy Divis Labs at its closing of around Rs 1,599 with a stoploss of Rs 1,589 and a target of Rs 1,619.
Manas Jaiswal of manasjaiswal.com
IRB Infrastructure Developers has broken its resistance of Rs 257 with very good volumes. On the daily chart, oscillators are showing positive crossover, now it has resistance at Rs 260 but looking at the pattern, I think it can break that resistance and can test Rs 270 in next two-three trading sessions. So one can buy the stock at current levels, keep the stoploss below Rs 252.
Reliance Infrastructure has made a strong base near Rs 700. Yesterday, it has broken its resistance of Rs 735 with very good volumes, so we may see further upmove. It can test Rs 780 in next two-three trading sessions, so one can buy it with a stoploss of Rs 735.
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