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Super Six trading picks to bet on July 25

Published on Mon, Jul 25, 2011 at 08:29 | Source : Moneycontrol.com

Updated at Tue, Jul 26, 2011 at 08:17

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On CNBC-TV18's new show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, Abhijit Paul, Technical Analyst of Brics Securities ltd and Rajesh Jain, 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.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a buy call on ING Vysya Bank . The stock has given a clear breakout above the Rs 350 levels and is consolidating in the range of Rs 355-360. The stock can be bought around the Rs 360 levels for a potential target of Rs 385 with a stop loss below Rs 350 levels.

I have a sell call on HDIL . The stock has given a breakdown from a triangular pattern. The momentum indicators like MACD and RSI are in a sell mode. The stock can be short around current levels for a potential target of Rs 147 with a stop loss being placed above Rs 165 levels.

Abhijit Paul, Technical Analyst of Brics Securities ltd

Tata Global Beverage is essentially consolidating its earlier rally pretty well with supports in the range of Rs 98. I sense that the stock is right for a move on the upside and is very likely to test targets of Rs 111 and 115. One can look to buy the stock within the range of Rs 101 and 103 and use a stop loss at Rs 98.

Shree Renuka Sugar is in a nascent short term uptrend and is holding well above its short term support of Rs 69. One can look to get into the stock in the range of Rs 73 and 75 and use the support of Rs 69 as a stop loss. On the upside Rs 82 and 85 are the targets.

Rajesh Jain, EVP Reatail Research of Religare Sec

Repro India had been making new 52-week highs even when main markets were falling. One can definitely buy the stock at any small reaction and it has a lot of support between the zones of Rs 155-160 where one can accumulate and buy keeping just a small stop loss of Rs 150 for much higher target of Rs 190-195 in coming days.

Shree Renuka Sugar has a strong relative strength among its peer group also, had been moving strongly. One can accumulate the stock between the levels of Rs 72-73 at any small reaction keeping a small stop loss of Rs 70 for much higher targets of Rs 79 plus in coming days.