Check Out: Super Six stocks for April 2

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.
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Apr 02, 2012, 10.20 AM | Source: CNBC-TV18

Check Out: Super Six stocks for April 2

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.

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Check Out: Super Six stocks for April 2

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.

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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. Itís a shorter term call valid more from an intraday point of view.

 

Vishal B Malkan, CMT, www.malkansview.com

BHEL ís daily chart is bullish, hourly chart momentum is bullish. I recommend a buy with a stoploss of Rs 253 for targets of Rs 265 and Rs 270.

Bank of Baroda has formed bullish engulfing pattern on daily charts, hourly RSI has turned positive. I recommend a buy with a stop of Rs 782 for targets of Rs 810 and Rs 816.

 

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a buy call on ITC in the range of Rs 227 to Rs 228 with a stop loss placed below Rs 224 levels on closing basis. The stock is trading very close to its all time high and the stock that trades very close to their all time high actually breakout and make new highs, look for a target of Rs 235 in the coming days.

I have a sell call on Infosys in the range of Rs 2,870 to Rs 2,880 with a stop loss placed above Rs 2,920 levels on closing basis. Broadly the stock is moving in the range of Rs 2,780 to Rs 2,920 with a strong resistance around Rs 2,920 levels, look for a target of Rs 2,800 in the coming days.

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