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Nov 14, 2011, 09.37 AM IST
On CNBC-TV18's new show Super Six, market gurus Rajesh Jain, EVP Retail Research of Religare Sec, Aditya Agarwal, Sr Derivative Analyst of Way2Wealth Securities and Hemen Kapadia, CEO of chartpundit.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Educomp Solutions closed sharply down on Friday on higher volumes. The stock closed at a month low. One can sell near its resistance of Rs 248-250 keeping stoploss of Rs 262 for a target of Rs 230.
Aditya Agarwal, Sr Derivative Analyst of Way2Wealth Securities
Cipla has a strong trend line support around Rs 286 levels and around those levels we have seen some consolidation. So we are expecting Cipla may see some bounce back from these levels and on the higher side can test Rs 295-297 in next 3-4 trading sessions. So at CMP long positions can be initiated in Cipla with a stoploss of Rs 283 and target of Rs 297.
Aban Offshore has made a double bottom pattern and the breakout of the same came around Rs 410-414 level. It has again retested its support area of Rs 414 and has closed above that. With this stock has also made a dojee patter on Friday, which is a positive sign. So we are expecting stock may continue its uptrend and at higher levels can test Rs 450. So at CMP long positions can be initiated with a target of Rs 450 and stoploss of Rs 414.
Hemen Kapadia, CEO of chartpundit.com
ACC is quoting above the 55 day exponential moving average. The stock has given a breakout on the half hourly charts. It has also given a higher top higher bottom scenario on the intraday charts. It looks like a great short term buy. Keeping that in mind one can buy it around Rs 1218 with a stoploss of Rs 1208 and target of Rs 1238. This is a shorter term call valid from intraday point of view.
Wipro has shown strength. It has posted a fresh 3 month high. It is quoting above the 55 day exponential moving average, cost of the daily mechanical indicators are supporting the move and are in buy mode. Wipro looks set to appreciate from here. Keeping that in mind, one can buy it at Rs 382 with a stoploss of Rs 378 and target of 390.
Tags: Rajesh Jain, EVP Retail Research of Religare Sec, Aditya Agarwal, Sr Derivative Analyst of Way2Wealth Securities, Hemen Kapadia, CEO of chartpundit.com, Educomp Solutions, Power Grid, Cipla, Aban Offshore, ACC, Wipro
Action in Educomp Solutions
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals