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Jun 22, 2012, 09.08 AM IST
On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, www.malkansview.com, Vishal Kshatriya of Edelweiss and Sanjeev Agarwal, CEO, Dynamix Research & Capital Management, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Vishal B Malkan, CMT, www.malkansview.com Buy Ultratech Cement with a stoploss at Rs 1450 for an initial target of Rs 1478 and next target of Rs 1487 Cement sector has been outperforming in the markets since a couple of weeks. Yesterday it moved smartly and gave a close above Rs 1450. I recommend a buy with stoploss of Rs 1450 for targets of Rs 1478 and 1487. Buy Jaiprakash Associates with a stoploss at Rs 73.5 for an initial target of Rs 77 and next target of Rs 78.5 It has broken the resistance of Rs 74 with huge volumes. Hourly chart is showing some momentum with huge volumes. I recommend a buy with stop loss of Rs 73.5 for targets of Rs 77 and 78.5 Vishal Kshatriya of Edelweiss Go long on LIC Housing Finance at current market price with a stoploss at Rs 252 and for target of Rs 275 The stock has given inverse head and shoulder breakout pattern on the daily charts. Short term oscillators have also given a buy signal. Derivatives data indicates long build up in the stock in the previous trading session. Recommend traders to go long at CMP, with target price of Rs 275 maintaining stop loss at Rs 252. Go long on ABB at current market price with a stoploss at Rs 775 and for target of Rs 850 Stock has given declining trend line breakout along with good volumes on the daily charts. Short term oscillators have given a fresh buy signal. Yesterday stock has also seen a long build-up in the stock. This is indicated by the derivatives data. Recommend the traders to go long at CMP, with target of Rs 850, maintaining stop loss at Rs 775. Sanjeev Agarwal, CEO, Dynamix Research & Capital Management Buy Biocon at current market price and at declines upto Rs 222-221, with a stoploss below Rs 216 and for target of Rs 235-245 Biocon has been showing a very strong basing formation and today it has given a breakout. We can buy it at CMP and decline up to Rs 222-221 with a stop loss below Rs 216 for a target of Rs 235-245. Buy IDFC at current market price with stoploss below Rs 125 and for target of Rs 140-148 This share has been showing very positive formations on the chart. And we can buy it at CMP for a target of Rs 140-148 with a stop loss below Rs 125.
Tags: Vishal B Malkan, CMT, www.malkansview.com , Ultratech Cement, Jaiprakash Associates, Vishal Kshatriya of Edelweiss, LIC Housing Finance, ABB, Sanjeev Agarwal, CEO, Dynamix Research & Capital Management, Biocon, IDFC
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