Super Six short term picks for todayPublished on Fri, Jan 13, 2012 at 08:36 | Source : CNBC-TV18 Updated at Fri, Jan 13, 2012 at 09:37
On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO of chartpundit.com, Sanjeev Agarwal, CEO, Dynamix Research & Capital 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.
Tata Motors has reflected strength by giving a breakout if sorts. It has closed above the 55 DMA. It has also posted a fresh 5 month high. It continues its higher tops and higher bottoms indicating its intentions to appreciate further. One can buy at Rs 206 with a stoploss of Rs 203 and a target of Rs 212. This is a shorter term call valid from an intraday point of view. Buy CESC . It has reflected strength by giving a breakout on the hourly charts. Infact the hourly MACD has also signaled a buy. There has been a volume expansion followed by higher top higher bottom on the intraday charts. Simply put, it is a decent intraday call. One can buy at Rs 225 with a stoploss of Rs 222 and target of Rs 232. This is a shorter term call valid from an intraday point of view.
Sanjeev Agarwal, CEO, Dynamix Research & Capital DCB is showing very good strength and we can buy it above Rs 41.50 for a target of Rs 45.5 and stoploss below Rs 39. JSW Steel has shown a very good breakout with heavy volumes. We can buy it at CMP with a stoploss below Rs 600 and target of Rs 670 & 695.
Vishal B Malkan, CMT, www.malkansview.com Sun TV has given a breakout on daily charts. Also volatility bands have expanded. One can buy with a stoploss of Rs 295 for target of Rs 307 and 311. VIP has given a strong close above the resistance of Rs 91 yesterday with huge volumes. I recommend a buy with a stoploss of RS 91.50 for target of Rs 97.50 and 101.
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