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Jul 12, 2012, 08.23 AM IST
On CNBC-TV18's show Super Six, market gurus Vishal B Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Securities, place their bets on two stocks each, thus offering investors a variety of options to choose from.
DLF has broken out of the resistance of Rs 200 after a long time with huge volumes. Price has started tagging the upper Bollinger band. The hourly momentum is bullish. I recommend a buy with the stop loss of Rs 202 for target of Rs 209 and Rs 211.
My second pick is TTK Prestige . After moving into a range it has broken out yesterday with good volumes. I recommend a buy with a stop loss of Rs 3150 for target of Rs 3210 and Rs 3230.
Shardul Kulkarni of Angel Broking
The first stock that we will recommend for today is TTK Prestige . Incase of TTK Prestige we see a strong flag breakout and the possibility is that the stock may test the Rs 3400 mark in the next couple of trading sessions. Thus we recommend buying TTK Prestige at the current market price of Rs 3150. Place your stop loss at Rs 3080. The target in the next 5-8 trading sessions is Rs 3400.
The second stock that we will recommend for today is Aurobindo Pharma . We have seen that yesterday’s strong move is likely to be followed up by next few couple of trading sessions in which the stock is expected to move to Rs 127-130 levels. Thus we recommend buying Aurobindo Pharma at the current market price of Rs 114. Place your stop loss at Rs 108, the target price in the next few 5-6 sessions would be at Rs 128.
Rajesh Jain of Religare Securities
S Kumars closed sharply higher on good volumes. One can buy the stock at current price keeping a closing stop loss of Rs 34 for higher target of Rs 39 in coming days.
Ranbaxy was moving in the sideways zone but yesterday closed above its resistance of Rs 495. One can buy the stock near Rs 495 at any correction keeping a closing stop loss of Rs 490 for higher target of Rs 510.
Tags: Vishal B Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking, Rajesh Jain of Religare Securities, DLF, TTK Prestige, Aurobindo Pharma, S Kumars, Ranbaxy
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK