Aug 04, 2011, 10.12 AM IST
On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Rakesh Gandhi of LKP Securities and Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Hemen Kapadia, CEO of chartpundit.com
Atlanta has given a upward breakout from a downward slanting supply line after almost 13 trading sessions. Infact there has been significantly higher volumes. One can buy it at Rs 81 with a stop loss of Rs 77 and a target of Rs 89. It is a short term call valid for 2-3 trading sessions.
Bhushan Steel has given an upward bar reversal on daily charts with significantly higher volumes from an extremely oversold situation. One can buy it at Rs 374 with a stop loss of Rs 369 and target of Rs 384. It is a short term call valid for 2-3 trading sessions.
After falling around 10% from the top Uflex has once again shown some good momentum. It can go upto Rs 222 levels and can be bought with a stop loss of Rs 205. This call is for a very short term period of 1 or 2 days.
On very short term Tata Global charts are looking good based on hourly charts and could go upto the level of Rs 115. One can bought with a stop loss of Rs 104. This is a very short term call for 1 or 2 days.
Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
Delta Corp has multiple supports in the range of Rs 95-100. Yesterday stock made a low of Rs 95 and bounced back sharply along with good volumes. Accordingly I recommend going long on it in the range of Rs 100-103 with a target of Rs 110 maintaining stop loss of 95.
Go long on Lovable Lingerie . It has a strong support of its 50 DMA which is currently placed at Rs 390. Yesterday stock made a low of Rs 390 and exactly bounced back from that level along with good volumes. This indicated there is emerging demand for the stock at the support level. Short term oscillators on daily charts have indicated buy call. I recommend going long in the range of Rs 400-410 with a target of Rs 440. One can maintain a stop loss of Rs 390.
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