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Super Six: Top chart picks for today

Rakesh Bansal of R K Global advises buying Eveready Industries with a target of Rs 326.

January 06, 2016 / 10:59 IST
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On CNBC-TV18's show Super Six, market gurus Gaurav Bissa, Rakesh Bansal and Simi Bhaumik, 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.Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on Crompton Greaves. The stock has been trading in a range. It has come out of a range yesterday. Fresh longs are seeing getting built. I would recommend going long on the stock for target of Rs 210 and one can have a stop loss of Rs 192.My second recommendation today is a sell call on State Bank of India (SBI). It has been seeing good amount of shorts getting built in the last few trading sessions. Yesterday also it made a new yearly low and fresh shorts were seen getting built. I would recommend going short on SBI for target of Rs 205 and one can have a stoploss of Rs 225.Rakesh Bansal of R K GlobalMy first call is a buy call on Eveready Industries. In Eveready we have seen a big breakout on big charts above Rs 306 levels. We have also seen a positive cross over on the momentum indicators. I feel stock is likely to demonstrate a good upside momentum in next two to three days. Buy Eveready at current levels, stoploss Rs 299 and target Rs 326. My second call is a buy call on Bombay Dyeing. The stock is moving in a excellent accumulation pattern. It appears it is on edge of a big breakout. It has made a good base at around Rs 63 levels on a downside. We have seen a positive cross over on a momentum indicator it appears that stock will take an upside breakout in next one to two days. Buy Bombay Dyeing, stoploss Rs 63.50 and target Rs 71. Simi Bhaumik of simibhaumik.comTitagarh Wagon is looking good. This stock has recovered from lower levels. Stoploss for the day below Rs 155 and targets would be Rs 164 and Rs 166. SKS Mircofinance closed above Rs 513-515 range. One can buy the stock with a stoploss below Rs 505 and target for the day would be Rs 520 and Rs 526.6

first published: Jan 6, 2016 08:53 am

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