On CNBC-TV18's show Super Six, market gurus Vishal Malkan, Manas Jaiswal and Hemen Kapadia 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 Malkan of malkansview.com
Bank of Baroda has broken above the resistance of Rs 930 with good volumes on daily charts. Price has started walking on the upper bollinger band hence I recommend a buy with a stoploss of Rs 935 for targets of Rs 960-970.
Andhra Bank has been showing momentum in the last couple of trading sessions with good volumes. Intraday momentum has entered into bullish zone hence I recommend a buy with a stoploss of Rs 75 for targets of Rs 78.50-79.50.
Manas Jaiswal of manasjaiswal.com
Exide Industries is making higher tops and higher bottoms on the daily chart but for last two months the stock was facing lot of resistance near to Rs 170. On Friday it has broken that resistance with very good volumes, so we may see further up move. It can test Rs 182 in next two-three trading sessions. So one can buy the stock at current levels, keep a stoploss below Rs 172.
Jyoti Structures has made a strong base near to Rs 40, on Friday it has broken its resistance of Rs 47 and its 50 day moving average also with very good volumes. So we may see further recovery, it can test Rs 53 in next two-three trading sessions. One can buy it with a stoploss of Rs 47.
Hemen Kapadia of KR Choksey Securities
Sesa Sterlite has reflected near term strength by entering a short-term uptrend. Stock is quoting above the 55 days exponential moving average. The mechanical indicators are supporting the move, have signalled a buy indicating the stocks intention to appreciate further from here. One can buy Sesa Sterlite at its closing of around Rs 290, stoploss of Rs 287 and target of Rs 296.
Sell Bharat Heavy Electricals (BHEL). It has reflected near term weakness by entering an intraday downtrend. Stock is quoting below the 55 days exponential average. Mechanical indicators are supporting the move, have signalled a sell. The stock has formed a lower top lower bottom indicating its intention to depreciate further from here. One can sell BHEL at its closing of around Rs 221 with a stoploss of Rs 224 and target of Rs 215.
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