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Super Six trading stocks for short term gain

Gaurav Bissa of LKP Securities advises buying Gail India with a target of Rs 320.

November 19, 2015 / 10:14 IST
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On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi, Shashi Bhusan 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.Gaurav Ratnaparkhi of SharekhanI have a buy call on Dabur India. It has formed a multi-month correction from the high of Rs 316. However, the recent structure shows that this stock has formed an ending diagonal pattern on the daily chart. The pattern has broken out on the upside in the last session and along with that the daily momentum indicator has given a fresh buy signal. So I have a buy call on Dabur with stoploss of Rs 263.50 and target will be Rs 286.I have a buy call on Arvind. The stock has been trading in sideways manner for last few weeks and has formed a short-term to medium-term base for itself above its crucial daily and weekly moving averages.Rajat Bose of rajatkbose.comMy first recommendation is on Maruti Suzuki, it is a sell. It looks pretty weak. It is likely to move further down. The two targets I have for Maruti for the day is Rs 4,455 and Rs 4,410 and I would like to put a stoploss above Rs 4,590.Second stock recommendation is a sell on Infosys. It went gap down and closed very weak. It is likely to move further down and it might enter into triple digit territory. The targets I have is Rs 993 and Rs 978 and put a stoploss above Rs 1,046. Gaurav Bissa of LKP SecuritiesMy first recommendation today is a buy on Aditya Birla Nuvo. The stock has seen good amount of bounce from Rs 1,940 levels. Look at the daily chart, you will notice that the stock has taken supports from Rs 1,940-1,950 levels on a lot many occasions and these bounces were quite severe. For a short-term trading point of view, I recommend going long on the stock for target price of Rs 2,045 keeping the stoploss at Rs 1,945.My second recommendation today is a buy call on Gail India. The stock has taken good amount of support from Rs 280. Those levels are evolving as short-term base formation, I recommend going long in the stock for targets of Rs 320, keeping the stoploss at Rs 304.

first published: Nov 19, 2015 08:55 am

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