On CNBC-TV18's show Super Six, market gurus Shrikant Chouhan of Kotak Securities, Vishal Kshatriya of Edelweiss 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.
Shrikant Chouhan of Kotak Securities
For the day my first recommendation is to sell Axis Bank. The stock has exhibited strong run up from the levels of Rs 1000 and now it is correcting on intra-day basis. On Wednesday, the stock made a low of Rs 1392 and volumes are also encouraging. From current levels, we are expecting the stock to correct at least to the levels of Rs 1330-1340 in next one or two days of time. We can trade short Axis Bank at current levels with a final stoploss at Rs 1410.
For the day my second recommendation is to buy Tata Motors. The stock is correcting since the last five days. The stock is almost close to its very important support area of Rs 385-386. While looking at the volumes which are declining and while looking at the price pattern on weekly basis as well as long-term basis we are of the view that the stock is going to bounce from current levels. We can look for adding long positions at current levels on Tata Motors with a final stoploss at Rs 377 for the target of Rs 410.
Vishal Kshatriya of Edelweiss
My first pick for the day is going long on Radico Khaitan. The stock is trading near its important support of Rs 200 day moving average (DMA). I expect stock to bounce back from current levels. Technical oscillators have also given a buy signal. Traders can initiate long position at current market price with a target price of Rs 160 and maintain stoploss below Rs 130.
My second pick for the day is going short on Exide Industries. The stock has formed bearish candlestick pattern on its daily chart. Derivatives data indicates short build up in the stock. Traders can initiate short position at current market price with a target price of Rs 114 and maintain a stoploss above Rs 123.50.
Hemen Kapadia of KR Choksey Securities
I have a buy call on Asian Paints. It has reflected intraday's trend by staging a smart high volume intraday reversal. The stock has also taken support on the 55 day exponential moving average. Mechanical indicators have signaled a buy indicating the stock's intention to appreciate further from here. One can buy Asian paints at its closing of around Rs 493 with a stoploss of Rs 489 and a target of Rs 501.
I have a buy call on Apollo Hospitals. It has shown strength by giving an intraday uptrend. It has also given a mini breakout on the intraday charts. The mechanical indicators are supporting the move indicating the stock’s intention to appreciate further from here. One can buy Apollo Hospitals at its closing around Rs 863 with a stoploss of Rs 858 and a target of Rs 873.
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