Super Six trading stocks for short term gain

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Super Six trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, 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.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about HDFC Bank See messages about HDFC Bank

On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, 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.

Arunesh Madan of Augment Investment

On the daily candlestick charts HDFC Bank has made a bullish pattern. One can look to buy closer to Rs 441 with a stoploss below Rs 435 and target of Rs 449. This call is valid only for today.

I have a buy on ICICI Bank . The stock has made a morning start patter on the hourly candlestick charts indicating that a short term bottom has been made. One can look to buy the stock in the range of Rs 715-720 with a stoploss below Rs 700 and target of Rs 745. This call is valid for today.

Rakesh Gandhi, Sr Technical Analyst of LKP

Castrol has been remaining in a rangebound move for the last few days and yesterday from low of Rs 413 it has shown a very sharp move on the upside. Short term moving averages are pointing that there is a further steam left in the stock and can be bought for a target of Rs 460 with a stoploss of Rs 422.

DLF has been consolidating in the last few weeks and the recent chart indicate that there is further steam in the stock and can be bought for a target of Rs 225 with a stoploss of Rs 202.

Vishal B Malkan, CMT, www.malkansview.com

Tata Chem is making higher top higher bottom situation. It has also given breakout on momentum indicators yesterday. I recommend a buy with a stoploss of Rs 338 for target of Rs 360 and 369.

Sun Pharma has given a string close above the resistance of Rs 520 yesterday with huge volumes. I recommend a buy with a stoploss of Rs 510 and target of Rs 545 & 560.