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Super Six stocks you can bet on September 13

Published on Tue, Sep 13, 2011 at 08:30 | Source : CNBC-TV18

Updated at Tue, Sep 13, 2011 at 13:13

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On CNBC-TV18's in Super Six show, market gurus Shardul Kulkarni, Sr Technical Analyst of Angel Broking, Rajesh Jain, EVP Retail Research, Religare Sec and Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, 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.

Shardul Kulkarni, Sr Technical Analyst of Angel Broking

NTPC has been in a strong downward channel but presently the stock is trading at the lower end of the channel. Buy NTPC above Rs 163 with a stoploss at Rs 160 and target of Rs 170 in next 3-5 trading sessions.

Looking at the weekly charts Tata Power has given a break down and is extremely far away from the moving averages. Looking at the short term charts we feel that stock may give a bounce. Thus, we feel you can buy above Rs 998 for target of Rs 1040 with a stoploss at Rs 981.

Rajesh Jain, EVP Retail Research, Religare Sec

Petronet LNG closed higher when markets closed lower on Monday. Overall the stock was moving sideways and consolidating for a week and now has closed much higher with very strong volumes. One can buy with stop loss of Rs 170 for higher targets of Rs 195 plus in coming days.

All cement counters are doing very well and all the 3 counters especially ACC, UltraTech and Ambuja Cements closed much higher when the markets were falling on Monday. One can buy UltraTech Cement keeping a stoploss of Rs 1080 for higher target of Rs 1150 in coming days.

Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss

I have a short call on Bharti Airtel . Stock is trading at lower and is rising trendline placed on its daily charts. I am expecting stock to break down its trendline and retest its recent low Rs 370. Go short in the range of Rs 383-386 with target of Rs 370 maintain stoploss above Rs 395

IOB has broken its 1 month old trendline support along with good volumes. Besides this short term oscillators continue to trade with a negative bias. Traders can go short in the range of Rs 103-104 for target of Rs 98 with a stoploss above Rs 107.50.