Super Six stocks you can bet on Nov 28Published on Mon, Nov 28, 2011 at 08:35 | Source : CNBC-TV18 Updated at Mon, Nov 28, 2011 at 10:04
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. Investors can read into the detailed analysis before agreeing to any or all the bets.
Sell Century Textile . Stock has reflected significant amount of weakness. It has been posting progressively lower tops and bottoms. It looks like a good short term sell. Keeping that in mind one can sell century at Rs 260 with stoploss of RS 263 and target of Rs 254. It is a shorter term call valid from an intraday point of view. ACC has reflected strength. It is a buy call. It has given upward key reversal. Stock is also quoting above the 100 day exponential average. It looks set for a good short term bounce. Keeping that in mind one can buy it at Rs 1115 with a stoploss of Rs 1105 and target of Rs 1135. This is a shorter term call valid from an intraday point of view.
Pantaloon has seen a good rise in volume since last 2 weeks of November and on Friday it saw a good breakout as the news were out. Stock has further steam left out and could be bought for a target of Rs 265 between Rs 225-235 with a stoploss of Rs 215. Raymond has seen a breakout from a falling trend line and has shown good resilience in a falling market also. I think it has got upward momentum and can be bought for a target of Rs 425 and stoploss of Rs 370.
Apollo Hospitals has given a very smart move in last 1 week. Buy it on dips to Rs 590 with a stoploss of Rs 570 for a target of 650-680. It has breakout on weekly and monthly charts and is trading at all time high. Apollo Tyres has been trading in a band of Rs 52-62 which broke out on Friday with decent volumes. Buy it with a stoploss of Rs 60 for target of Rs 68 and 72.
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