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 Hexaware Technologies has broken out of the resistance of Rs 90 with good volumes on daily charts. Price has started tagging the upper bollinger band. I recommend a buy with a stop loss of Rs 90 for targets of Rs 95 and 98.
Sell State Bank of India (SBI). After a strong decline there was a bear market, which is showing some signs of tiredness. Couple of bearish candles on daily chart and bearish candles on hourly chart. I recommend a sell with a stop loss of Rs 2230 for target of Rs 2185-2165.
Rajeev Agarwal, dynamixresearch.in
Sell Axis Bank. One can attempt shorts here in the range of Rs 1400-1410 and keep a stop loss of Rs 1455. My initial target is around Rs 1350 and next logical target is Rs 1305 in short-term.
Sell Godrej Industries. It is showing head and shoulder breakdown below Rs 295 levels. So one can attempt shorts here in the range of Rs 295 and keep a stop loss above Rs 310 on closing basis. My initial target is around Rs 280 and next target is Rs 260 in short-term.
Vikrant Jadeja, vibrantrades.com GIC Housing Finance has fallen from the levels of Rs 156 to almost Rs 112 in last few trading sessions. However, looking on daily and intraday charts it seems that stock has given a breakout from a triangle pattern which indicates that further higher levels can be expected in this counter after good amount of consolidations. Buy GIC Housing Finance around Rs 122 to Rs 123.5 with closing stop loss of Rs 119.50 and expect a target of Rs 132-133 in next three-four trading sessions.
As per candlesticks some kind of reversal is expected on the downside in Tata Consultancy Services (TCS). Also derivatives data suggest that in TCS some unwinding of long positions has been seen in last trading sessions, which indicate that lower levels can be expected in this counter in coming sessions. Sell TCS March Futures around Rs 1575 with closing stop loss of Rs 1590 and target of Rs 1550-1545 in next three-four trading sessions.
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