On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Meghana Malkan of malkansview.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.
Manas Jaiswal of manasjaiswal.com
Havells India has taken support near to 50 percent retracement level of its previous rally and witnessed good buying interest. Oscillators are showing positive crossovers, so we may see further up move. Stock can test Rs 835 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 804.
Jain Irrigation Systems has made a bullish engulfing pattern on the daily chart and oscillators are showing positive crossover. So we may see further up move, the stock can test Rs 74 in next one-two trading sessions, one can buy it with a stop loss of Rs 68.
Meghana Malkan of malkansview.com
Godrej Industries has crossed its previous resistance of Rs 290 with above average volumes. Momentum indicators have entered into the bullish zone hence a buy with a stop loss of Rs 290 for higher targets of Rs 300-305.
After a consolidation of over few months ITC has finally managed to cross Rs 325 and closed above that on good volumes. Momentum indicators are also good hence a buy call with a stop loss of Rs 326 and targets of Rs 336-339.
Hemen Kapadia of KR Choksey Securities
I have a buy call on Ranbaxy Laboratories. It is deeply oversold on the daily charts, the intraday mechanical indicators seem to suggest a limited downside and the possibility of a bounce back indicating the stock intention to appreciate further from here. One can buy Ranbaxy at its closing of around Rs 409, stop loss of Rs 405 and target of Rs 417.
State Bank of India (SBI) has reflected near-term strength by giving an upward key reversal on daily charts, the intraday mechanical indicators are supporting the move and have shown an intraday uptrend indicating the stock intention to appreciate further from here. One can buy SBI at its closing of around Rs 1641 with a stop loss of Rs 1631 and intraday target of Rs 1661.
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