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May 18, 2012, 10.07 AM IST
On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Rajesh Jain, Religare Securities and Manas Jaiswal of manasjaiswal.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.
Manas Jaiswal of manasjaiswal.com
Short Petronet LNG at current market price with a stoploss at Rs 129 for target of Rs 120
The stock is consistently making lower tops and lower bottoms on the charts and yesterday it broke the support of Rs 130. This trend will continue and stock can test Rs 120 in couple of trading sessions. One can go short at current levels with a stop loss of Rs 129.
Short Bajaj Auto at current market price with a stoploss at Rs 1605 for target of Rs 1500
The stock face lot of resistance near 200 day moving average and yesterday it fell sharply. On the daily charts it made a engulfing bearish pattern and oscillators are showing a negative crossover. So we will see a further fall and this stock can test Rs 1,500 in two to three trading sessions. One can go short at current levels with a stop loss of Rs 1,605.
Vishal Malkan of malkansview.com
Buy Ambuja Cement with a stoploss at Rs 145 for targets of Rs 151.50 and Rs 153
It has broken out of the range which was forming since few days. Hourly charts have started tagging upper Bollinger Band. I recommend a buy with a stop loss of Rs 145 for targets of Rs 151.50 and 153.
Sell M&M with a stoploss at Rs 641 for targets of Rs 620 and Rs 627
It has broken on the sell side. It has broken support of Rs 640 on closing basis. I recommend a sell with a stop of Rs 641 for targets of Rs 627 and 620.
Rajesh Jain, Religare Securities
Short Titan Industries at Rs 232 with a stoploss at Rs 237 for target of Rs 225
Titan has been holding on to its sideways range for the last three months, but yesterday the stock fell showing that it is trying to break down. One can short the stock at any counter rally near its resistance of Rs 232 keeping a closing stop loss of Rs 237 for lower target of Rs 225.
Buy CESC at Rs 270-272 with a stoploss at Rs 265 for target of Rs 285
CESC yesterday gave a one month closing High which shows that it is in strong hands. It has a lot of support between Rs 270-272 levels where one can buy keeping a stop loss of Rs 265 for higher target of Rs 285.
Tags: Manas Jaiswal of manasjaiswal.com, Petronet LNG, Bajaj Auto, Vishal Malkan of malkansview.com, Ambuja Cement, M&M, Rajesh Jain, Religare Securities, CESC
Action in Petronet LNG Ltd
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals