On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Hemen Kapadia and Vishal B Malkan 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
The entire realty space is looking weak on the charts and on Tuesday Housing Development and Infrastructure Ltd (HDIL) has broken an important support of Rs 80 with higher volumes. It even fell below 200 day moving average which is placed at Rs 78. So we may see further weakness in the coming days, it can go down to around Rs 70 so that is our target. One can go short at current levels and keep a stoploss above Rs 78.
Apollo Tyres has made an evening star pattern on the daily chart and after Rs 40 up move it witnessed profit booking yesterday. Now it can correct its entire rally and it can go down to around Rs 205. So one can go short at current levels, keep a stoploss above Rs 223.
Hemen Kapadia of KR Choksey Securities
Buy call on Tata Chemicals, it has reflected near term strength by giving a high volume recovery. The stock has entered an intraday uptrend, the mechanical indicators have signalled a buy, are supporting the move indicating its intension to appreciate further from here. One can buy Tata Chemicals at its closing of around Rs 391, stoploss of Rs 388, target of Rs 397.
Buy call on Rural Electrification Corporation (REC). It has reflected near term strength by giving a high volume upward breakout. Stock has entered an intraday uptrend, the mechanical indicators are also supporting the move, has signalled a buy indicating its intention to appreciate further from here. One can buy REC at its closing of around Rs 259, stoploss of Rs 256 and target of Rs 265.
Vishal B Malkan of malkansview.com
Adani Enterprise is continuously trading below the important support of Rs 470 on daily closing basis hence I recommend a sell with a stoploss of Rs 465 for targets of Rs 440 and Rs 430.
Bharat Forge has taken support at an important level of Rs 760 in the last couple of trading sessions with good volumes hence I recommend a buy with a stoploss of Rs 760 for targets of Rs 790 and Rs 810.
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