On CNBC-TV18's show Super Six, market gurus Vishal Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking and Arunesh Madan, Founder and Director of Augment Investment, 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, www.malkansview.comMy first pick is PNB. It’s a sell call. It has been underperforming the markets in last couple of days. Daily pattern has turned bearish. Hourly momentum is bearish. I recommend a sell with a stop of Rs 834 for targets of Rs 820 and Rs 816.
My second pick is Pantaloon Retail. After a smart move day before yesterday, yesterday turned a bearish pattern on daily charts. It ran into a gap resistance. I expect it to retrace back to the targets of Rs 182-180 with a stop loss of Rs 188.50.
Shardul Kulkarni, Angel Broking
We recommend selling Mahindra & Mahindra July futures below the levels of Rs 710. A stop loss on the upside should be placed at Rs 719. The potential target in next three-five trading sessions is Rs 688.
The second stock that we would recommend for today is Crompton Greaves. The chart of Crompton Greaves we are seeing that there is a candlestick pattern called as falling three. Prior to the results, this particular pattern has been formed which indicates that there maybe some disappointment in the results. Thus we recommend selling Crompton Greaves July futures below the levels of Rs 126. Place a stop loss at Rs 130 and the potential target is at Rs 116. The timeframe for the call is around three-five trading sessions.
Arunesh Madan, Founder and Director of Augment Investment Pvt Ltd Larsen and Toubro is trading very close to a major significant resistance level of Rs 1435-1440. Use the current strength in the counter to create short positions in the range of Rs 1410-1415. Keep a stop loss above Rs 1440 on a closing basis and look for a target of Rs 1365-1370 in the coming days.
After moving in a very narrow range, Jubilant Foodworks has broken down from the trading range and closed below the trading range in yesterday’s trade. Look to short this stock in the range of Rs 1225-1230. Keep a stop loss above Rs 1260 on a closing basis and look for a target of Rs 1165-1170 in the next couple of trading sessions.
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