On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Manas Jaiswal, manasjaiswal.com and Vishal Kshatriya, Edelweiss 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.
Vishal Malkan, malkansview.comMy first pick is Reliance Infrastructure. It has formed a daily candlestick, which is bullish and hourly momentum has turned bullish. I recommend a buy with a stop loss of Rs 349 for targets of Rs 362 and Rs 368.
My second pick is IDFC. After a sideways consolidation for a few days, it has closed above the resistance of Rs 145 with good volumes, hourly momentum turning bullish. I recommend a buy with a stoploss of Rs 145 for targets of Rs 149 and Rs 151.
Manas Jaiswal, manasjaiswal.com Bata India has started making higher tops and higher bottoms on the daily chart. Yesterday it broke the resistance of Rs 750 with higher volumes. So, we may see further recovery. The stock can test Rs 775 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 744. Jaiprakash Power Ventures has made a strong base near Rs 24. Yesterday it witnessed good buying interest, broke the resistance of Rs 24.75 with higher volumes. Now, we may see further recovery. The stock can test Rs 26.50 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 24.50.
Vishal Kshatriya, Edelweiss
My first pick for the day is going short on Sesa Goa. Overall trend in the stock is negative which is depicted by the formation of lower tops and lower bottoms on its daily chart. Derivatives data also indicates aggressive short build up in the stock. Initiate short in the range of Rs 145-146 with a target price of Rs 130 and maintain stop loss above Rs 152.
My second pick for the day is going short on DLF. Derivatives data indicates aggressive short build up in previous trading session. Besides this stock tested and corrected from its resistance of 20 day moving average (DMA). This clearly indicates that there is a supply in a stock at higher levels. Traders can initiate shorts at current market price with a target price of Rs 228 and a stop loss above Rs 250.
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