On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, vibrantrades.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.
Vishal Malkan, malkansview.com
My first pick is Tata Consultancy Services (TCS), a strong outperformer in the market, resumed its uptrend after four days of consolidation. I recommend a buy with a stoploss of Rs 1,565 for targets of Rs 1,590 and 1,600.
My second pick is Bajaj Auto. It is a sell call. It has been underperforming in last few days, broken important support, price has started tagging the lower Bollinger band. I recommend a sell with a stop of Rs 1,880 for targets of Rs 1,850 and Rs 1,835.
Rajeev Agarwal, dynamixresearch.in
My first call is sell on IndusInd Bank. One can sell it here and add more in any pullback towards Rs 440. Keep the stop loss above Rs 450 on a closing basis. My initial target is Rs 410 and next logical target is Rs 385 in short-term.
My second call is sell on Reliance Capital. One can sell it in the range of Rs 380-385 and keep a stop loss above Rs 400 on closing basis. My initial target is around Rs 360 and next logical target is Rs 335 in short-term.
Vikrant Jadeja, vibrantrades.com
Despite of good amount of bounce in the market, it is quite possible that CNX-IT index may underperform the market and selected IT stocks may see some kind of lower levels in coming sessions. One of them is Wipro. We may see some kind of lower levels after consolidation. Sell Wipro futures around Rs 441 with closing stop loss of Rs 447 and expect a target of Rs 427 to Rs 430 in next three-four trading sessions. Bata India has given a breakdown on weekly as well as on monthly chart. So, it is quite possible that we may see some kind of lower levels in this counter in coming sessions. Sell Bata India around Rs 760 with closing stop loss of Rs 771 and expect a target of Rs 730 in next four-five trading sessions.
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