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6 trading bets that can fetch you handsome returns

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, CMT, Shardul Kulkarni of Angel Broking and Arunesh Madan, Founder and Director of Augment Investment, place their bets on two stocks each, thus offering investors a variety of options to choose from.

August 14, 2012 / 09:04 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Malkan, CMT, Shardul Kulkarni of Angel Broking and Arunesh Madan, Founder and Director of Augment Investment, 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, CMT
My first pick is Bhandari Hosiery. It has given a breakout on daily, weekly and monthly charts. It’s a short-term call for targets of Rs 75. For today I expect the good results and I expect the targets of around Rs 63 for a stop loss of Rs 55. DLF has given a breakout on hourly charts. Price is tagging the upper Bollinger band. I recommend a buy with a stop of Rs 215 for targets of Rs 220 and Rs 224.
  Shardul Kulkarni, Angel Broking
The first stock that we will recommend is a sell call in case of Hindalco. In yesterday’s trading session the stock has given a bearish engulfing pattern and the pattern confirmation will come below the levels of Rs 121 in case of the August Futures. Thus we recommend selling Hindalco August Futures below the levels of Rs 121. Stop loss should be placed at Rs 124. The potential target in the next 3-5 trading sessions is at Rs 114.
The second stock that we would recommend is STC India. In case of STC India last week we haven seen a very strong move. Post that we have seen a consolidation for three trading sessions. We recommend buying STC India only and only above the levels of Rs 284. Place a stop loss at Rs 272. The potential target in the next 7-8 trading sessions is at Rs 320.
  Arunesh Madan, Founder and Director of Augment Investment
Buy State Bank of India Futures in the range of Rs 1,910-1,915 keeping a stop loss below the Rs 1,880 levels as the stock after witnessing a 10-12% fall over the last couple of days has formed a hammer pattern on the daily candlestick charts indicating that there could be a short-term rebound in the stock. Look for a target of Rs 1,960 and Rs 1,975 on the Futures in the coming days.
Buy Tata Motors DVR in the range of Rs 126.50-127. The stock after witnessing a rally from Rs 115 to Rs 135 has taken support at a 50% retracement level. Keep a stop loss below Rs 124.90 and look for a target of Rs 132 and Rs 135 in the coming days.
first published: Aug 14, 2012 08:58 am

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