On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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.
Hemen Kapadia, CEO, chartpundit.com
HDFC is a buy call. The stock has closed above 55 day exponential moving average, most of the daily mechanical indicators are in buy mode and are supporting the move indicating the possibility of the short-term upside. One can buy HDFC at around Rs 674, the stop loss of Rs 669 and target of Rs 684. This is a shorter term call valid from an intraday point of view.
Mahindra and Mahindra is a buy call. Once again the stock has given mini breakout, has closed above 55 day moving average, the hourly and the daily mechanical indictors have signaled a buy indicating the possibility of a further upside. One can buy M&M at around Rs 697 with a stop loss of Rs 692 and target of Rs 707. It