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Super Six stocks you can bet on Dec 15

On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment, Nooresh Mirani, AMSEC and Vishal B Malkan, CMT, www.malkansview.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.

December 15, 2011 / 10:03 IST
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On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment, Nooresh Mirani, AMSEC and Vishal B Malkan, CMT, www.malkansview.com, 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.

Arunesh Madan, Founder and Director of Augment Investment
Sell TCS in the range of Rs 1185-1190 as the stock has a very strong resistance around the RS 1205 levels. The stock is forming a dojee pattern on the candlestick charts showing indecisiveness closer to the resistance level. Look for a target of Rs 1150 and stoploss of Rs 1205.
I have a buy on ICICI Bank. The stock has a strong support in the region of Rs 695-700 and there appears to be a positive divergence on the RSI indicator. Look to buy in this range and stop loss below Rs 690 and target of Rs 725-730.
  Vishal B Malkan, CMT, www.malkansview.com
My first pick is Maruti Suzuki. It has given a close below Rs 950 support level along with bearish indication on momentum indicators. l recommends a sell with stoploss of Rs 955 for a target of Rs 930 and 915. ACC has given a bullish candlestick pattern on daily charts as well as hourly charts. I recommend a buy with a stoploss of Rs 1125 for target of Rs 1170 and 1188.
  Nooresh Mirani, AMSEC
One can look to buy M&M on dips to Rs 660-665 with a stoploss of Rs 640 and target of Rs 710. The stock has lot of support in the zone of Rs 660-670 which is a trend line for last one year. I would expect the stk to bounce back sharply from these levels.
Sell India Infoline with a target of Rs 48 and stoploss of 56.50. The stock has given fresh breakdown yesterday and I would expect selling to continue today and in next few sessions. This could take it to Rs 48 or lower levels.
first published: Dec 15, 2011 08:26 am

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