On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Rajesh Jain, Religare Securities and Rakesh Gandhi, FRR shares, 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 formed a bearish candle on daily charts. Price has started tagging the lower bollinger band. I recommend a sell with a stop loss of Rs 510 and targets of Rs 490-482.
Sell PTC India. It has formed a bearish candle on daily charts. Momentum is bearish. I recommend a sell with a stop loss of Rs 73.50 and target of Rs 69.50-71.
Rajesh Jain, Religare Securities
Sell Cairn India. This stock has been consolidating in the side ways zone between Rs 320-330 levels for some time. It is likely to breakdown on the lower side. One can short the stock between levels of Rs 320-322 keeping a closing stop loss of Rs 325 for lower targets of Rs 308 in coming days.
Mahindra and Mahindra (M&M) has been correcting in the month of January. It touched its weekly supports near Rs 850 and from there it has rebounded sharply. Now it is ready for a breakout. One can buy the stock at any correction near Rs 890-893 levels keeping a closing stop loss of Rs 884 for higher targets of Rs 915.
Rakesh Gandhi, FRR shares
Buy HDFC Bank. It has been continuously sliding since last few weeks. It has formed a falling wedge pattern in this falling period indicating that there is a developing uptrend and hence a buy call for a target of Rs 840 with a stop loss of Rs 795.
Buy LT Foods. The stock has seen a very sharp upward move indicating that there is a sudden change of downtrend. It has also crossed some of the important moving averages and closed above that. Hence a buy call for a target of Rs 68 and stop loss of Rs 53.