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Dec 07, 2012, 09.33 AM IST
On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of vibranttrades.com, Shardul Kulkarni of Angel Broking and Rajeev Agarwal of www.dynamixresearch.in, place their bets on two stocks each, thus offering investors a variety of options to choose from.
My first trade idea for short-term is Asian Paints . In this counter we have seen approximately 600 points rally from the levels of Rs 3,800. It is being consolidated since last few days and we may see some kind of weakness further in coming sessions. Sell Asian Paints December futures around Rs 4,380 with stop loss of Rs 4,440 on closing basis. We expect a target of Rs 4,300 and next target of Rs 4,210 in next three-four trading sessions.
My second stock suggestion for the short-term is McLeod Russel . In this counter we may have seen some kind of weakness as per daily charts indications. Sell McLeod Russel December futures around Rs 358.50 with stop loss of Rs 365 on a closing basis and expect a target of Rs 349 in next five-six trading sessions.
Shardul Kulkarni of Angel Broking
The stock that we would recommend is a buy call with regards to Tata Motors . The chart structure of Tata Motors is a very strong, higher top-higher bottom cycle. In yesterday’s trading session, stock has reached the resistance level of Rs 284. If the stock can break past this particular resistance, significant upside can be seen. Buy the stock above Rs 284, place a stop loss at Rs 269 and trade bullish for a target of Rs 302 in the next six-eight trading sessions.
Second stock is a sell call with regards to Bharat Forge . The chart structure of Bharat Forge is a strong lower top-lower bottom cycle and a fresh downward move has started in yesterday’s trading session. We recommend selling the stock with a stop loss of Rs 269 for a target of Rs 248 over the next four-six trading sessions.
My first call is buy on Whirlpool of India . After a strong consolidation in the range, it has given breakout above Rs 271 yesterday with volumes. So one can buy it with a stop loss below Rs 250 on a closing basis and hold for targets of Rs 295 and Rs 320 in the short-term.
My second call is buy on HeidelbergCement India . It has given breakout above Rs 56 yesterday. So, one can buy it here with closing stop loss below Rs 51.50 and hold for targets in the range of Rs 65 to Rs 68 in the short-term.
Tags: Vikrant Jadeja of vibranttrades.com, Shardul Kulkarni of Angel Broking, Rajeev Agarwal of www.dynamixresearch.in, Super Six, Asian Paints, McLeod Russel, Tata Motors, Bharat Forge, Whirlpool of India, HeidelbergCement India
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