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Super Six: Top chart picks for today

Vishal Malkan of malkansview.com suggests buying Century Textiles with a target of Rs 620.

December 24, 2015 / 09:28 IST
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On CNBC-TV18's show Super Six, market gurus Sameet Chavan, Vishal Malkan and Ashish Kyal 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.Sameet Chavan of Angel BrokingI have a buy call on Bharat Heavy Electricals (BHEL) for a target of Rs 184, stoploss of Rs 165. In the last three months we have witnessed a sharp decline from the levels of Rs 210-215. However, since last couple of weeks we have been witnessing consolidation in the stock, considering the ongoing momentum, we expect the stock to climb towards Rs 184 for next few sessions and stoploss can be placed at Rs 165I have a buy call on Siemens for a target of Rs 1,250 with a stoploss at Rs 1,170. After consolidation of four-five days this stock has now managed to give a breakout from its near tern hurdle of Rs 1,190 on a closing basis. Yesterday volumes also picked up during this activity. However, considering the ongoing momentum and strong daily chart structure, we expect Siemens to move towards Rs 1250 over the next few sessions. Vishal Malkan of malkansview.comI have a buy call on Century Textiles and Industries. It has given breakout above the levels of Rs 580 on closing basis with good volumes. Momentum has entered into bullish zone; hence I recommend a buy with a stoploss of Rs 575 for target of Rs 620. Tata Chemicals has managed to close above important resistance of Rs 395 after many days of consolidation with good volumes; hence I recommend a buy with a stoploss of Rs 392 for targets of Rs 420. Ashish Kyal of wavesstrategy.comI have a buy call on Aurobindo Pharma. The stock has touched new highs and it has shown strong movement on upside after forming a low near Rs 780, it has been continuously moving higher. One can buy Aurobindo Pharma with a stoploss of Rs 838 for a target of Rs 918. I have a buy call on Gail. It has shown smart recovery from the lows of Rs 270 and touched Rs 370 levels few weeks back and after that we can see there was a retracement of nearly around 38.2 percent and it came back close to the channel support and bounced back sharply from there. One can buy Gail with a stoploss of Rs 333 and the target can be expected around Rs 395 on the upside.

first published: Dec 24, 2015 08:44 am

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