6 stocks likely to see lot of action on Feb 17

20851 Investors following Rolta. Share this News with them.

0

Like this story, share it with millions of investors on M3

6 stocks likely to see lot of action on Feb 17

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss, Vishal B Malkan, CMT, www.malkansview.com and Sanjeev Agarwal, CEO, Dynamix Research & Capital Management place their bets on two stocks each, thus offering investors a variety of options to choose from.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Rolta See messages about Rolta

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss, Vishal B Malkan, CMT, www.malkansview.com and Sanjeev Agarwal, CEO, Dynamix Research & Capital Management 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 Kshatriya, Sr Derivative and Technical Analyst, Edelweiss

My first pick is going long on Rolta . The stock has generated breakout of its trend line DMA along with good volumes. Momentum oscillators on daily chart continue to trade with a positive bias. I am expecting stock to trade with a positive bias in days to come and hence recommend going long at CMP with a target of Rs 105 and stoploss at Rs 90.

My second pick is going long on Infosys . It has given a breakout of its declining trend line placed on its daily charts. Momentum oscillators on hourly charts have given a fresh buy signal. Open Int data indicates aggressive long build up in the stock. Traders can go long at CMPO with a target of Rs 3020 and stoploss at Rs 2875.

Vishal B Malkan, CMT, www.malkansview.com

Bombay Dyeing has given a strong close above the resistance of Rs 460. I recommend a buy with a stoploss of Rs 452 for targets of Rs 475 and Rs 484.

HOEC has given strong close above the resistance of Rs 135 above average volumes, intraday charts are bullish. I recommend a buy with a stoploss of Rs 132 for targets of Rs 141 and Rs 144.

Sanjeev Agarwal, CEO, Dynamix Research & Capital Management

HOEC has given a good breakout above Rs 156 which has been acting as a very strong resistance for the last three months. Now we can see a level of Rs 145 to Rs 155 in a very short time and we should keep a stop loss of Rs 129 on a closing basis.

PNB is looking very positive on the charts and we can buy it at current market price with a stop loss below Rs 990 on a closing basis for a target of Rs 1,125 to Rs 1,200.