6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Edelweiss, Rakesh Gandhi, FRR Shares and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Stocks Views

May 02, 2013, 09.53 AM | Source: CNBC-TV18

6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Edelweiss, Rakesh Gandhi, FRR Shares and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.

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

6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Edelweiss, Rakesh Gandhi, FRR Shares and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.

Post Your Comments

Share Cancel

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Rakesh Gandhi of FRR Shares and Shardul Kulkarni of Angel Broking, 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.

Rakesh Gandhi of FRR shares

My first pick for the day is Mahindra and Mahindra (M&M). The stock has already seen a breakout from a falling wedge pattern and the upward momentum is continuing. Long-term chart patterns are also indicating that stock is poised for an upward momentum. Hence it can be bought for a target of Rs 950, on declines at around Rs 910 with a stop loss of Rs 890.

My second pick for the day is Aditya Birla Nuvo . The stock is in a long-term consolidation zone. Since January 2013 it has formed a falling channel pattern and it has also seen a breakout from that falling channel pattern. While falling it has formed a support around the higher end of the consolidation pattern and now it showing an upward momentum, hence it can be bought around Rs 1,020 for a target of Rs 1,075 with a stop loss of Rs 975.

Vishal Kshatriya of Edelweiss

My first pick for the day is going short on Hindalco Industries . 50 DMA resistance for the stock is pledged at Rs 101. On Tuesday after making high near Rs 100 stock corrected sharply with good volumes. This clearly indicates that there is a supply in the stock at higher levels. Besides this technical oscillators on daily chart have also given a sell signal. Traders can initiate short on May Futures in the range of Rs 98-99 with the target price of Rs 93 and maintain stop loss above Rs 101.

My second pick for the day is going long on Tech Mahindra . Stock managed to bounce back sharply from its important support of 200 DMA. Traders can initiate long in the range of Rs 950-960 with the target price of Rs 1,000-1,020 with the stop loss below Rs 920.

Shardul Kulkarni of Angel Broking

The first stock that we will recommend is a sell call with regards to Larsen and Toubro (L&T) May Futures. The daily chart structure of L&T indicates that an ABC flat Elliott wave pattern is over near Rs 1,550 level and going forward correction on the downside is likely to resume. Thus we recommend selling L&T May Futures contract in the range of Rs 1,520-1,530, the stop loss for the trade would be at Rs 1,551 and the potential target on the lower side is at Rs 1,400 over the next six-eight trading sessions.

The second stock that we will recommend is also a sell call with regards to ICICI Bank May Futures. Post the results the stock was moving in a sideways range over the last two trading sessions, but the hourly chart now indicates that going forward further downside is likely in case of ICICI Bank. Thus we recommend selling the May Futures contract in case of ICICI with a stop loss of Rs 1,162 for a target of Rs 1,100 over the next three-five trading sessions. 

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
6 trading stocks for short term gain

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login