On CNBC-TV18's show Super Six, market gurus Vishal Malkan CMT, Vishal Kshatriya of Edelweiss and Sanjeev Agarwal of Dynamix Research & Capital Management , 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 MphasiS has broken above the monthly high and closed above the resistance of Rs 405. It has started tagging the upper Bollinger band on daily charts. Hourly charts are showing some momentum. I recommend a buy with a stop of Rs 403 for targets of Rs 416 and Rs 422. Reliance Infrastructure has formed a bullish engulfing pattern on daily charts. Hourly momentum is above bullish zone, I recommend a buy with a stop of Rs 503 for targets of Rs 516 and Rs 521.
Vishal Kshatriya of Edelweiss
My first pick for the day is going long on Dish TV. Stock has given flat pattern of breakout, pretty good volumes on daily charts. Momentum oscillators continue to trade with the positive bias. We have also seen a long build up in the stock in previous trading session and hence recommend going long in a range of Rs 70-71 with target price of Rs 76 maintaining stop loss at Rs 67.50.
Second pick for the day is going short on Bharti Airtel. Stock has broken down its rising trendline support along with good volumes on its daily chart. Besides this stock continues to trade below its short-term moving averages, which clearly indicates that oral momentum in a counter is negative. Open interest data indicates aggressive short build up in a stock in previous trading session. Traders can go short on August future in the range of Rs 298 to Rs 302 with target price of Rs 280, maintaining stop loss at Rs 310.
Sanjeev Agarwal of Dynamix Research & Capital Management SKS Microfinance had fallen very badly from Rs 1,400 to Rs 55 and now it is looking to reverse its move. We can buy it at current market price and we can add above Rs 94 for a target of Rs 103-115 and we can keep a stop loss below Rs 84. Wockhardt has been in a classical uptrend and making a new high continuously. We can buy for intraday purpose for a target of Rs 1,050 with a stop loss below Rs 970.
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