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Aug 01, 2012, 09.50 AM IST
On CNBC-TV18's show Super Six, market gurus Vishal Malkan CMT, Vishal Kshatriya of Edelweiss and Sanjeev Agarwal of Dynamix Research & Capital Management , place their bets on two stocks each, thus offering investors a variety of options to choose from.
Ambuja Cement is a strong outperformer since the last couple of months on the markets. Yesterday it showed some bullish volumes and patterns on daily charts as well as hourly patterns. I recommend a buy with a stop of Rs 179 for targets of Rs 184-186.
My second pick is Sesa Goa . The sector is doing good since last couple of days. I expect it to continue for next couple of days showing momentum on hourly charts. I recommend a buy with a stop of Rs 189 for targets of Rs 194-196.
Vishal Kshatriya of Edelweiss
My first pick for the day is going long on Cipla . Stock has broken out its key resistance level placed on daily chart. A breakout was further accomplished by good volumes and aggressive long build up which is indicated by open interest data. Besides this, oscillators on daily charts continue to trade with a positive bias. Traders can go long at current market price with first target of Rs 355 and a final target of Rs 360 maintaining stop loss at Rs 330.
My second pick for the day is going long on Yes Bank . The stock has been giving a breakout of its declining trend line resistance along with good volumes on its daily charts. Momentum oscillators have also given a fresh buy signal. I am expecting stock to trade with a positive bias and hence recommend going long in a range of Rs 360-365 with a target price of Rs 380 maintaining stop loss below Rs 350.
Tata Global Beverage has been showing very good breakout pattern and today it has broken above its range. We can buy it at current market price and any decline towards Rs 125 with a stop loss below Rs 119 for a target of Rs 135-145.
We can buy United Breweries Holdings at the current market price and any decline towards Rs 80. We can keep a stop loss below Rs 70 for a target of Rs 100 and more.
Tags: Vishal Malkan CMT, Vishal Kshatriya of Edelweiss, Sanjeev Agarwal of Dynamix Research & Capital Management, Ambuja Cement, Sesa Goa, Cipla, Yes Bank, Tata Global Beverages, United Breweries Holdings
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