On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Rakesh Gandhi, Sr Technical Analyst of LKP 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 of Augment Investment
I have a buy on Allahabad Bank. In yesterdays trade the stock broke above Rs 155 levels and managed to close near the days highs on very good volumes. Look to buy at CMP with stoploss below Rs 157 and target of Rs 167. This call is valid only for today.
I have a sell on SBI. It has seen a very good rebound in the market price from Rs 1600 to 1850. The stock has a strong resistance around Rs 1859 levels. Look to short at Rs 1825-1830 with a stoploss above Rs 1855 and target of Rs 1775. This call is valid only for today.
Rakesh Gandhi, Sr Technical Analyst of LKP
Hindustan Zinc has been continuously consolidating since June and has been making regular lows. Yesterday after opening with a gap up it could hold the gains since morning. Now if stock crosses RS 125 there could be very sharp upward momentum and we could see stock trending to Rs 138 levels and hence could be bought with a stoploss of Rs 119.
Power Fin Corp has been consolidating above Rs 160 in the time when we saw market falling sharply. Now the stock manages to move above Rs 170 it could be bough for a target of Rs 185 with stoploss of Rs 163.
Vishal B Malkan, CMT, www.malkansview.com
PFC has made good base in last few months, volumes have picked up in last 3 weeks. It indicates a breakout is imminent. I recommend a buy with a stop loss of 164 for a target of Rs 176 and 184.
Zee has given a strong close above the resistance of Rs 125 yesterday. I recommend a buy with a stoploss of Rs 122 for a target of Rs 132 and 136.
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