Super Six buy or sell call for Feb 8

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Rajesh Jain, Religare Securities and Rakesh Gandhi, FRR shares, place their bets on two stocks each, thus offering investors a variety of options to choose from.
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Feb 08, 2013, 09.09 AM | Source: CNBC-TV18

Super Six buy or sell call for Feb 8

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Rajesh Jain, Religare Securities and Rakesh Gandhi, FRR shares, place their bets on two stocks each, thus offering investors a variety of options to choose from.

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Super Six buy or sell call for Feb 8

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Rajesh Jain, Religare Securities and Rakesh Gandhi, FRR shares, 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 Vishal Malkan, malkansview.com, Rajesh Jain, Religare Securities and Rakesh Gandhi, FRR shares, 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.

Vishal Malkan, malkansview.com

Sell Reliance Infrastructure . It has formed a bearish candle on daily charts. Price has started tagging the lower bollinger band. I recommend a sell with a stop loss of Rs 510 and targets of Rs 490-482.

Sell PTC India . It has formed a bearish candle on daily charts. Momentum is bearish. I recommend a sell with a stop loss of Rs 73.50 and target of Rs 69.50-71.

Rajesh Jain, Religare Securities

Sell Cairn India . This stock has been consolidating in the side ways zone between Rs 320-330 levels for some time. It is likely to breakdown on the lower side. One can short the stock between levels of Rs 320-322 keeping a closing stop loss of Rs 325 for lower targets of Rs 308 in coming days.

Mahindra and Mahindra (M&M) has been correcting in the month of January. It touched its weekly supports near Rs 850 and from there it has rebounded sharply. Now it is ready for a breakout. One can buy the stock at any correction near Rs 890-893 levels keeping a closing stop loss of Rs 884 for higher targets of Rs 915.

 

Rakesh Gandhi, FRR shares

Buy HDFC Bank . It has been continuously sliding since last few weeks. It has formed a falling wedge pattern in this falling period indicating that there is a developing uptrend and hence a buy call for a target of Rs 840 with a stop loss of Rs 795.

Buy LT Foods . The stock has seen a very sharp upward move indicating that there is a sudden change of downtrend. It has also crossed some of the important moving averages and closed above that. Hence a buy call for a target of Rs 68 and stop loss of Rs 53.

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Super Six buy or sell call for Feb 8

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