On CNBC-TV18's show Super Six, market gurus Abhijit Paul of alphative.com, Rajeev Agarwal of dynamixresearch.com and Hemen Kapadia of KR Choksey Securities 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.
Abhijit Paul of alphative.com
Oil and Natural Gas Corporation (ONGC) is likely to fall further down from here on. I am looking at a short-term target of Rs 266 for the stock and for that short trade one should use a stop loss close to Rs 282.
Pharma sector has fairly held on well in yesterdays fall. Sun Pharmaceutical Industries is one stock which is in a short-term uptrend. I am looking to buy into the stock only if it manages to breach above Rs 610 in the Futures market and in that case possible short-term target comes in the range of Rs 630 and for a long trade like this one should use a stop loss close to Rs 595.
Rajeev Agarwal of dynamixresearch.com
Sell Asian Paints. It has breached a strong support of Rs 480 and now giving pullback towards that level. One can attempt shorts around Rs 480 with a stop loss around Rs 505 on closing basis. My initial target is around Rs 455 and next target is Rs 435 in next 10-15 trading sessions.
Sell HDFC Bank. One can attempt shorts around Rs 660 level with a stop loss above Rs 690 on closing basis. My initial target is around Rs 630 and next logical target is around Rs 605 in next 10-15 trading sessions.
Hemen Kapadia of KR Choksey Securities
Tech Mahindra has reflected weakness by posting a fresh five trading session low. Most of the mechanical indicators are in sell mode and are supporting the down move. The intraday picture is also looking weak indicating the stocks intension to depreciate further from here. One can sell Tech Mahindra at its closing of around Rs 1764 with stop loss of Rs 1772 and an intraday target of Rs 1748.
I have a buy call on Hindustan Unilever. HUL has reflected near term strength by posting a fresh 28 trading session high. The stock has posted a higher top higher bottom on the daily chart, it has also closed above the 55 day exponential moving average and most of the mechanical indicators are also in buy mode indicating the stock intention to appreciate further from here. One can buy HUL at its closing of around Rs 575 with a stop loss of Rs 571 and a target of Rs 583.
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