Moneycontrol
HomeNewsBusinessStocksSuper Six: Top chart picks for today
Trending Topics

Super Six: Top chart picks for today

Digesh Shah of Veracity Fin is of the view that one may buy NCC with a target of Rs 84.

July 19, 2016 / 08:32 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

On CNBC-TV18's show Super Six, market gurus Rakesh Bansal, Digesh Shah and Gaurav Bissa, 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.Rakesh Bansal of RK GlobalMy first call is a buy call on Taj GVK Hotels & Resorts. On Friday’s trading session, stock prices cracked a major neckline of Rs 130. We have witnessed a multi-year breakout on the stock price chart of Taj GVK Hotels. Buy Taj GVK Hotels with a stoploss Rs 126 and target Rs 150.My second call is a buy call on Lakshmi Vilas Bank. On Friday’s trading session, stock prices cracked a major neckline at around Rs 106 levels on the upside. Stock has entered uncharted territory. It is a buy with a stoploss of Rs 99, target Rs 125.Gaurav Bissa of LKP SecuritiesMy first recommendation today would be a buy on TVS Motor. If you compare TVS Motor with its peers, it has not been doing much, it has been trading in a range, showing early signs of coming out of its range. Good amounts of longs are seen getting bought on a consistent basis, swing high has been made, 310 Call option has seen a good amount of buying. Momentum indicators are strong. Everything augurs well for this stock. One can have a stoploss of Rs 298 and go long for targets of Rs 340.My second recommendation today is a buy on Idea Cellular. It is the first time in many instances where we have seen that this particular jump from Rs 98-99 to Rs 108, it has been extended. So, if it is holding Rs 110, it can even test levels of Rs 125 in the next few days, even in the next few weeks. So, I would have a stoploss of Rs 108 and play for targets of Rs 120 on Idea Cellular.Digesh Shah of Veracity FinOur first trading idea would be buying on NCC. We believe that the buying interest will revive soon. So, keeping a stoploss of eight day exponential moving average, one can initiate long position in NCC. It is a buy with a price target of Rs 84, maintain a stoploss of Rs 78 on a closing basis.Second trading idea would be a buy on Bajaj Auto. The stock has shown a good comeback after a consolidation phase. The uptrend will continue as directional indicator gave a positive crossover. So, Bajaj Auto is a buy with a price target of Rs 2,760, maintain a stoploss below Rs 2,630.

first published: Jul 18, 2016 08:48 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!