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Feb 20, 2013, 09.28 AM IST
On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Arunesh Madan, Augment Investment and Vikrant Jadeja place their bets on two stocks each, thus offering investors a variety of options to choose from.
Vishal Malkan, malkansview.com
Buy Ambuja Cement . After forming double bottom around Rs 185 it has started making higher top higher bottom on hourly chart. Hourly momentum is bullish. I recommend a buy with a stop loss of Rs 191 and target of Rs 199-202.
IndusInd Bank has closed above the resistance of Rs 440. It is one of the most outperforming stocks of the sector. I recommend a buy with a stop of Rs 440 for targets of Rs 450 and Rs 455.
Arunesh Madan, Augment Investment
Zee Entertainment has multiple supports in the region of Rs 217 to Rs 220 and in yesterdays trade this support zone was again respected by the market. Look to buy this stock in the range of Rs 219-220 with a stop loss been placed below Rs 217 levels on a closing basis and we can trade this corrective rally for a target of Rs 225-227.
Punjab National Bank (PNB) has broken out of a falling trendline placed on its early charts in yesterday's trade. Look to buy this stock in the region of Rs 855 to Rs 860 with a stop loss being placed below Rs 845 levels and going forward we can expect a target of Rs 875 and Rs 890.
HDFC Bank has moved from the levels of Rs 640 to 680 in last few trading sessions. Last two trading sessions suggest that some kind of exhaustion is there at current market price and we may see some kind of lower levels in this counter soon. Sell HDFC Bank February Futures around Rs 675 with a closing stop loss of Rs 681. Expect a target of Rs 667-668 in one-two trading sessions.
Tata Coffee has consolidated in a minor range of few points almost from the last two weeks. But in last trading sessions, it has tried to breakout on the upside and we may see some kind of higher levels in this counter soon. Buy Tata Coffee around Rs 1,515 with closing stop loss of Rs 1,485, expect a target of Rs 1,555 and Rs 1,560 in next two-three trading sessions.
Tags: Vishal Malkan, malkansview.com, Super Six, Arunesh Madan, Augment Investment, Vikrant Jadeja, Ambuja Cement, IndusInd Bank, Zee Entertainment, Punjab National Bank, HDFC Bank, Tata Coffee
Action in Ambuja Cements
May 24 2013, 16:42
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