![]() 6 stocks that should do well todayPublished on Fri, Dec 16, 2011 at 08:37 | Source : Moneycontrol.com Updated at Fri, Dec 16, 2011 at 10:18
On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment, Nooresh Mirani, AMSEC and Vishal B Malkan, CMT, www.malkansview.com , 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. Arunesh Madan, Founder and Director of Augment Investment Buy Pantaloon Retail in the range of Rs 138-140 with stoploss below Rs 135. The stock has formed a dojee on the candlestick charts indicating a possible halt to the current downtrend play for a target of Rs 150-155. I have a buy on Hero Motocorp as the stock has formed a double bottom in the range of Rs 1905-1910 in yesterday's trade. Look for a target of Rs 2000 with stoploss below Rs 1900 on a closing basis. This is a short term call valid for 1 day.
Vishal B Malkan, CMT, www.malkansview.com After a smart move yesterday Jubilant Food has formed a bullish engulfing pattern on daily charts. I recommend a buy with a stoploss of Rs 762 for a target of Rs 805 and 815. IDFC has formed a double bottom formation on daily charts. I recommend buy with stoploss of Rs 105 for a target of Rs 111 and 114.
Nooresh Mirani, AMSEC Buy Dabur with a target of Rs 104 and stoploss at Rs 95. The stock is a good defensive bet at current levels and it has made a lot of base in this range of Rs 93-96. Yesterday the stock has shown a bit of uptick which indicates the stock may go upto Rs 104 in the short term. Buy Tata Comm with a target of Rs 213 and stop loss at Rs 198. The stock has given a breakout of weekly highs yesterday which gives it a lot of momentum in the short term as well it has moved up in a falling market which indicates stock has a lot of strength.
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