On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Vishal Kshatriya of Edelweiss and Aditya Agarwal of Way2Wealth 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.
Vishal Kshatriya, Edelweiss
My first pick for the day is going long on ITC. The stock has given declining trendline breakout with good volumes. Technical oscillators are also trading with a positive bias. Traders can initiate long with a target price of Rs 340, maintain stop loss below Rs 310.
My second pick for the day is going long on Havells India. The stock has given a breakout with good volumes on its daily chart. Technical oscillators have also given a buy signal. Traders can go long with a target price of Rs 860 and maintain stop loss below Rs 780.
Aditya Agarwal, Way2Wealth
First call for the day will be a buy call on Asian Paints. Asian Paints has seen a correction of 10-15 percent in the last couple of days but it has seen a good consolidation in the range of Rs 480 and Rs 490 and now the stock is on a verge of giving a breakout. We are expecting the stock may see a good rally from these levels and on higher side, it may test Rs 505 and 515 levels. At current levels one may accumulate Asian Paints keeping a stop loss of Rs 480 and on higher side target will be Rs 505 to Rs 515.
Second call for the day will be a buy call on Infosys. The stock saw some good short covering from lower levels in last half of hour of session in yesterday’s trade and it has closed at almost at day’s high level. From these levels we are expecting that Infosys may see another rally of 2-3 percent and on the higher side the stock may test Rs 3,590 levels. With a stop loss of Rs 3,480, one may go long in Infosys at current levels for a target of Rs 3,590.
Manas Jaiswal, manasjaiswal.com
Adani Power has broken the neckline of inverse head and shoulder pattern on the intraday charts with higher volumes. So we may see a sharp upmove. The stock can test Rs 42 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 38.
For last one month, Syndicate Bank was trading in a range of Rs 93 and Rs 83 but yesterday it has broken this range upside with higher volumes. So we may see further upmove. The stock can test Rs 98 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 91.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
