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.com My first pick is Ultratech Cement. It has given a breakout on hourly charts on momentum as well as price. I recommend a buy with a stop of Rs 1,790 for targets of Rs 1,835-1,850. Manas Jaiswal, manasjaiswal.com Syndicate Bank has made a bullish engulfing pattern on the daily charts and oscillators are showing positive crossover. We may see further recovery. The stock can test Rs 116 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 107. For last two days, Dish TV was facing resistance near the 200 day moving average. On Friday, it fell sharply, broke the support of Rs 67.75. So we may see further downside. This stock can test Rs 64.50 in next two-three trading sessions. One can go short at current levels with a stop loss of Rs 68.60. Vishal Kshatriya, Edelweiss My first pick for the day is going short on Dena Bank. The stock has given trend line breakdown with good volumes on its daily charts. Last weeks derivative data indicates aggressive short build up in the stock. Technical oscillators are also trading with a negative bias. Traders can go short in a range of Rs 87-88 with a target price of Rs 80 and maintain a stop loss at Rs 91. My second pick for the day is going short on SBI. The stock has given a trend line break down with good volumes on its daily charts. Besides this, they have also seen a negative crossover happening on its hourly charts. Technical oscillators are also trading with a negative bias. Traders can go short in a range of Rs 2,040-2,050 with a target price of Rs 1,950. Maintain a stop loss above Rs 3,000.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!