On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Shardul Kulkarni, Angel Broking and Vishal Kshatriya, Edelweiss, 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.
Vishal Malkan, malkansview.com
Sell Reliance Infrastructure. It has broken an important support with huge volumes. Price has started tagging the lower bollinger band. I recommend a sell with a stop loss of Rs 480 for target of Rs 460-455.
Sell Larsen and Toubro (L&T). It has started tagging the lower bollinger band on hourly charts. Price is bearish. Sell it with a stop loss of Rs 1440 and target of Rs 1400-1390.
Shardul Kulkarni, Angel Broking
Sell Reliance Capital February Futures. The chart structure is a very strong lower top lower bottom cycle and going forward we expect significant downside in case of Reliance Cap. Sell it in the range of Rs 400-404, place a stop loss at Rs 411 and trade bearish for a target of Rs 370 over the next 7-10 trading sessions.
Sell Bata India February Futures. The chart structure shows the stock has broken down below the crucial support level of Rs 750 and going forward a further significant downside can be expected. Sell the stock in the range of Rs 750-753, the stop loss for the trade would be at Rs 768. The lower side target is near to Rs 700 over the next six-eight trading sessions.
Vishal Kshatriya, Edelweiss
Axis Bank has given a breakdown of its rising trendline along with good volumes. Technical indicators have also given a sell signal. Derivatives data indicates aggressive short buildup in the stock in the previous trading sessions. Short-term traders can go short on February Futures at current market price with a target of Rs 1350 and a stop loss above Rs 1445
Sell Larsen and Toubro (L&T). Short-term trend in the stock is negative which is depicted by formation of lower tops and lower bottoms on its daily charts. Yesterday stock has broken its important support with good volumes and have also closed below that level. Derivatives data indicates short buildup in the stock. Short-term traders can go short February Futures at current market price with a target of Rs 1330 and stop loss above Rs 1480.