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Jul 12, 2012, 08.23 AM IST
On CNBC-TV18's show Super Six, market gurus Vishal B Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Securities, place their bets on two stocks each, thus offering investors a variety of options to choose from.
My first pick is Tata Motors . After underperforming for last several days it has shown some demand yesterday with bullish pattern on the daily charts. I recommend a buy with the stop of Rs 235 for target of Rs 244 and 248
My second pick is Hindustan Oil Exploration . It has given a breakout on weekly charts above the resistance of Rs 136. I recommend a buy with the stop loss of Rs 136 for target of Rs 144 and 147.
Shardul Kulkarni of Angel Broking
The first stock that we will recommend for today is a buy call in Jubilant Foodworks . The charts clearly suggest that there is further upside. The pattern is flag breakout. Thus we recommend buying Jubilant Foodworks in the range of Rs 1240 to 1250. The stop loss for the trade would be at Rs 1215 and the target price would be Rs 1320.
The second call for the day is a buy call in Hindustan Petroleum . We have seen that the stock has consolidated over the last 2 trading session and is poised for a further upside. Thus we recommend buying Hindustan Petroleum in the range of Rs 340 to Rs 343. The stop loss for the trade would be at Rs 332 and the target on the upside is at Rs 370. The time frame would be around 3-4 trading session.
Rajesh Jain of Religare Securities
One can buy PTC India at current price as the stock is having an overall bullish formation and is now ready for its next move. The stop loss can be at closing below Rs 63 and a target can be Rs 69 in coming days.
Oil India stock is nearing its resistance. One can short the stock in its resistance zone of Rs 500-502 keeping a closing stop loss of Rs 508 for a lower target of Rs 485.
Tags: Vishal B Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking, Rajesh Jain of Religare Securities, PTC India, Oil India, Hindustan Petroleum, Jubilant Foodworks, Hindustan Oil Exploration, Tata Motors
Action in PTC India
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals