Super Six buy or sell call for today

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Super Six buy or sell call for today

On CNBC-TV18's new show Super Six, market gurus Arunesh Madan of Augment Investment, Rakesh Gandhi, Sr Technical Analyst of LKP and Vishal B Malkan, CMT, www.malkansview.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Yes Bank See messages about Yes Bank

On CNBC-TV18's new show Super Six, market gurus Arunesh Madan of Augment Investment, Rakesh Gandhi, Sr Technical Analyst of LKP and Vishal B Malkan, CMT, www.malkansview.com , 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.

Arunesh Madan of Augment Investment

I have a sell call on Yes Bank . On the daily candlestick chart pattern engulfing bearish pattern was seen in yesterday trade indicating the uptrend in the stock might have come to an end. Look to short closer to Rs 275-276 with a stop loss above 282 and target of Rs 262 in next 1-2 trading sessions.

I have a sell in HDFC as I believe the stock is facing very strong resistance around Rs 650-652 levels. Look to short the stock closer to a level of Rs 640 with a stop loss above Rs 652 and target of Rs 622-625 in next 2 days.

Rakesh Gandhi, Sr Technical Analyst of LKP

While falling from Rs 100 Gujarat State Petronet has formed a channel formation and can see a breakout once it trades or sustains above Rs 80. On a very short term note stock can be bought for a target of Rs 94 with a stop loss of Rs 85.

Jindal Steel & Power has sharply declined and closed below its short term support levels. One can short for an intraday target of Rs 475 with stoploss of Rs 494.

Vishal B Malkan, CMT, www.malkansview.com

Bajaj Auto has been outperforming the market since a long time. I recommend a buy with stoploss of Rs 1620 for a target of Rs 1680 and 1700.

OnMobile Global has been forming a base since last 3-4 months and it has broken out of that base and it has formed a bullish engulfing pattern on weekly charts. I recommend a buy with a stoploss of Rs 66 and target of Rs 75 and 79.