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Jul 16, 2012, 08.58 AM IST
On CNBC-TV18's show Super Six, market gurus Vishal Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking and Arunesh Madan, Founder and Director of Augment Investment, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Divis Lab has been outperforming the market since a long time. Daily momentum is bullish. It has taken support on 20 day moving average. I recommend a buy with a stop loss of Rs 1,030 for targets of Rs 1,060 and Rs 1,070.
Reliance Capital has broken the support of the 20-day moving avg. Hourly momentum is bearish. I recommend a sell with a stop loss of Rs 366 for targets of Rs 354 and Rs 350.
Shardul Kulkarni of Angel Broking
The first stock that we will recommend is a sell call in IVRCL July Futures. The chart structure clearly suggests that there is a possibility that the stock may fall towards Rs 44-45 in near future. Thus we recommend sell in IVRCL July Futures with the stop loss of Rs 49.25 and a target of Rs 45 in the next 3 to 5 trading sessions.
The second stock that we would recommend is a sell call in case of Bharti Airtel . The chart structure suggests a channel breakdown with a potential target of Rs 298-295. Thus we recommend selling Bharti Airtel July Futures with a stop loss of Rs 312. Sell only below Rs 307 for a target of Rs 295.
After moving in a very narrow range Cairn India has broken out from that range on the upside. Look to buy this stock at the current market price and add positions once the stock begins to trade above the Rs 319 levels for a target of Rs 327 and Rs 334 in the coming days.
After falling from a level of Rs 245 Tata Motors has formed a Doji pattern in the daily candlestick charts indicating that the stock may have bottomed out in the very near-term, besides the stock has got a very strong support around the Rs 230 levels by virtue of its 200-day moving average being placed there. Look to buy this stock with a stop loss being placed below the Rs 230 levels and look for a target of Rs 240 and Rs 245 in the coming days.
Tags: Vishal Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking, Arunesh Madan, Founder and Director of Augment Investment, Divis Lab, Reliance Capital, IVRCL, Bharti Airtel, Cairn India, Tata Motors
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