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Nov 29, 2011, 10.33 AM IST
On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO of chartpundit.com, 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.
Arunesh Madan, Founder and Director of Augment Investment
I have buy on BPCL . After falling from Rs 695-700 the stock was trading in a range of Rs 490-530. Yesterday the stock has managed to break this range on the upside. Look to buy the stock closer to Rs 530 with a stoploss below Rs 520 and target of Rs 547 in next 2 days.
I have a sell call on Hero Motocorp as I believe that the 3rd wave to the downside on the stock has started. Look to short the stock in the range of Rs 2040-2050 with a stop loss placed above Rs 2090 and target of Rs 1910 in next 3 days.
Rakesh Gandhi, Sr Technical Analyst of LKP
After falling very sharply from Rs 560 levels, once again Gravita India has seen a good upward momentum with rising volumes. And it has also crossed Rs 430 level. It can be bought for a target of Rs 460 with stoploss of Rs 415.
IDFC has recovered very sharply from its low of Rs 100 and could see further higher levels based on short term charts and averages. I believe it could see higher levels upto Rs 120 and can be bought for a target of Rs 120 and stoploss of Rs 110.
Vishal B Malkan, CMT, www.malkansview.com
Bank of Baroda has shown a hammer pattern on weekly charts which got confirmed yesterday. I recommend a buy on dips to Rs 720-730 with a stop loss at Rs 710 and target of Rs 765 & 780.
Orchid Chemical has made a double bottom around Rs 145. I recommend a buy with a stop loss of Rs 152 for targets of Rs 165 & 172.
Tags: Vishal B Malkan, CMT, www.malkansview.com, Bank of Baroda, Orchid Chemical, IDFC, Gravita India, Hero Motocorp, BPCL, Arunesh Madan, Founder and Director of Augment Investment, Rakesh Gandhi, Sr Technical Analyst of LKP
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