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Check Out: Super Six stocks for today

Published on Tue, Jan 10, 2012 at 08:54 | Source : CNBC-TV18

Updated at Tue, Jan 10, 2012 at 09:39

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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO of chartpundit.com, Manas Jaiswal, Technical Analyst , manasjaiswal.com 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.

Hemen Kapadia, CEO of chartpundit.com

My pick is Tata Steel , it is a buy call. This stock has reflected strength on the hourly chart. It has also given a mini breakout and most of the intraday mechanical indicators are supporting the move. Tata Steel looks like a good short term opportunity. One can buy Tata Steel at around Rs 361, stop loss of Rs 357 and target of Rs 369 with a shorter term call valid from an intraday point of view.

Second pick is ICICI Bank , it is a sell call. The stock has reflected weakness on the hourly charts and it has also given a breakout on the downside on the hourly charts. ICICI Bank looks like a good short term sell. One can sell it at Rs 748 with stop loss of Rs 753 and target Rs 738 with a shorter term call valid from an intraday point of view.

Manas Jaiswal, Technical Analyst, manasjaiswal.com

My first stock is Bajaj Hindusthan . It has taken good support near to Rs 25 and yesterday it broke the resistance from Rs 27.50 with very good volumes. We may see further recovery and stock may test Rs 31.50 but at CMP with stoploss of Rs 26.50.

My second stock is Delta Corp . The stock yesterday broke the resistance of Rs 64 with very good volumes and on the weekly charts both the oscillators are showing positive cross over. So we may see a sharp rally and stock may test Rs 71. So buy at CMP with a stoploss of Rs 61.

Vishal B Malkan, CMT, www.malkansview.com

My first pick is Educomp . It has given a strong close above the resistance of Rs 208 with high volumes. Buy with a stop loss of Rs 205 for target of Rs 217 and 222.

Second pick is BHEL which has given a breakout on hourly charts along with high momentum. Buy with a stop loss of Rs 253 and a target of Rs 266 and 272.