Feb 24, 2012, 09.42 AM IST | Source: CNBC-TV18

Super Six short term picks for Feb 24

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Nooresh Merani, AVP Technical, AMSEC Research and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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 Hemen Kapadia, CEO, chartpundit.com, Nooresh Merani, AVP Technical, AMSEC Research and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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.

Hemen Kapadia, CEO of chartpundit.com

Sell Aban Offshore . The stock has reflected weakness by posting a fresh 14 trading sessions low. Most of the daily mechanical indicators have signalled a sell. Some of them after reflecting negative divergence indicating a further downside cannot be ruled out. One can sell at Rs 494 with a stoploss of Rs 498 and target of Rs 486. Its a shorter term call valid from an intraday point of view.

Buy Bank of India . The stock has reflected strength by posting an upward key reversal on daily charts. Infact there has been a mild oversold situation on intraday charts which is expected to spill over further. One can buy at Rs 375 with a stoploss of Rs 372 and target of Rs 381. Its a shorter term call valid from an intraday point of view.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a buy call in IOC in the range of Rs 281-283. The stock in yesterday's trade has broken above previous intermediate top of Rs 82.50 and closed above that level. Look for a target of Rs 295-300 and keep a stoploss below Rs 275 on closing basis.

I have a buy call in Tata Motors DVR in the range of Rs 137-140. The stock after hitting an intraday level of Rs 155 sometime during this week has taken a decent support in the region of Rs 135-158. Keep a stoploss below Rs 130 and target of Rs 155 in coming days.

Nooresh Merani - AVP Technical, AMSEC Research

Buy ITC with a stoploss of Rs 203 and target of Rs 220

Buy Infosys with a stoploss of Rs 2850 and target of Rs 3100.

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Aban Offshore Bank of India IOC
Tata Motors (D) ITC

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