HomeNewsBusinessStocksSuper Six stocks you can bet on Dec 28

Super Six stocks you can bet on Dec 28

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia CEO chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Nooresh Mirani - AVP Technical, AMSEC Research, place their bets on two stocks each, thus offering investors a variety of options to choose from.

December 28, 2011 / 10:19 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia CEO chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Nooresh Mirani - AVP Technical, AMSEC Research, 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 Bajaj Auto is a buy call. The stock has reflected near term strength. It has given a mini breakout on the hourly charts - needless to say that the hourly mechanical indicators are supporting the move. One can buy Bajaj Auto at Rs 1,625 with stoploss of Rs 1,610 and target of Rs 1,655. Shorter term call is valid from an intra-day point of view. Cipla is a sell call. The stock has reflected a significant amount of negative divergence on the daily oscillators. There has also been a clear breakdown from a demand line on the hourly charts. One can sell Cipla at Rs 320 with a stoploss of Rs 323 and target of Rs 314. This is a shorter term call valid from an intraday point of view. Vishal B Malkan, CMT, www.malkansview.com Apollo Tyres has given a bullish candlestick pattern on intra-day charts with big volumes. I recommend a buy with stoploss of Rs 58 and for target of Rs 63.50 and Rs 65. This call is valid for today. Alstom Projects has closed below support of Rs 302 with forming a bearish candlestick pattern on intra-day charts. I recommend a sell with stoploss of Rs 309 and target of Rs 292 and Rs 285. Nooresh Mirani - AVP Technical, AMSEC Research
Buy Marico with target of Rs 154 and stoploss at Rs 142. The stock has made a good base formation in the range of Rs 135-140 over last few months as well as seeing it to be a defensive in the current market. I would expect the stock to move just like Dabur and Hindustan Unilever.
Buy Divi
first published: Dec 28, 2011 08:09 am

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!