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.comMy first pick is Larsen and Toubro (L&T). It has formed second bearish candle in a row on the daily chart. Hourly momentum has entered bearish zone. I recommend a sell with a stop loss of Rs 1,505 for targets of Rs 1,460-1,445.
My second pick is Yes Bank. Banking stocks have been hammered badly yesterday. I expect it to continue for a couple of days. Yes Bank looks weak on daily chart as well as hourly chart. I recommend a sell with a stop loss of Rs 490 for targets of Rs 477-471.
Rajeev Agarwal, dynamixresearch.in
My first call is sell on Sintex Industries. One can sell Sintex here and keep a stop loss above Rs 61 on closing basis. My initial target is Rs 54. Book partial profit around Rs 54 and hold balance quantity for its logical target of Rs 51-50 in short-term.
My second call is sell on Zee Entertainment Enterprises. It has broken its strong support of Rs 213, so one can sell it in pullback around Rs 212 with the stop loss above Rs 225 on closing basis. My initial target is around Rs 200 and next logical target is Rs 186 in short-term.
Vikrant Jadeja, vibrantrades.com Tata Global Beverage has been trading in a narrow range since last few trading sessions. Looking at current scenario it is quite likely that we may see some kind of higher levels in this counter. Buy Tata Global around Rs 133-134 with closing stop loss of Rs 131. Expect a target of Rs 138-139 in next two-three trading sessions.
For the last two trading sessions we have seen some kind of bearishness in the market and indices has closed almost to the low of the day, which is some kind of a support zone. It is quite possible that in coming sessions if at all we see some kind of initial bounce, traders should go short in banking counters like State Bank of India (SBI) which was supported by the derivatives data, which indicates that some kind of fresh shorts also has been seen in SBI. Sell SBI Futures around Rs 2,190 with closing stop loss of Rs 2,222. Expect a target of Rs 2,140-2,130 in next three-four trading sessions.
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