On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Shardul Kulkarni, Sr Technical Analyst, Angel Broking and Arunesh Madan, Augment Investment, 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 Maruti Suzuki. It had a gap down on Friday, weekly candlestick is bearish. I recommend a sell with a stop loss of Rs 1490 for targets of Rs 1460-1445.
Indiabulls Real Estate is trading at resistance on hourly charts. Momentum is bearish. I recommend a sell with a stop loss of Rs 72.50 for targets of Rs 69-67.
Shardul Kulkarni, Sr Technical Analyst, Angel Broking
Sell Tata Steel February Futures in the range of Rs 377-379. Place a stop loss at Rs 384 and short for a target of Rs 358 over the next six-eight trading sessions.
Sell State Bank of India (SBI) February Futures. Post the results the stock has given a decent bounce. However, the stock has been continuously trading below the five day moving average and has been unable to cross it. Going forward we expect further bearishness in this counter. Sell SBI in the range of Rs 2240-2250, place a stop loss at Rs 2280 and trade bearish for a target of Rs 2150 over the next four-six trading sessions.
Arunesh Madan, Augment Investment
State Bank of India (SBI) has taken a very strong support in the region of Rs 2205-2010 despite negative news flow during the last week. Look to buy this stock in the region of Rs 2215 to 2225 keeping a stop loss below Rs 2180 on a closing basis and going forward we can expect a target of Rs 2270-2300.
After falling from a level of Rs 2830 to Rs 2745 Infosys has rebounded very strongly in the last two days. However, the stock has not been able to break its previous range of Rs 2830-2850. Look to short this stock in the region of Rs 2790-2810 keeping a stop loss above Rs 2830 and going forward we can expect a target of Rs 2700-2650.