Super Six trading ideas for July 17

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.com Pantaloon Retail is a sell call. It has broken the support of Rs 180 along with 20 days moving average, bearish candlestick pattern has been formed on daily charts. I recommend a sell with a stop of Rs 180 for targets of Rs 174 and Rs 172.50. TCS is also a sell call. It has broken a three week low of Rs 1,210. I recommend a sell with a stop of Rs 1,219 for targets of Rs 1,195 and Rs 1,188.
  Shardul Kulkarni, Angel Broking
We have a sell call at Petronet LNG. After a strong run up from Rs 125 odd levels to Rs 150, the stock is showing decent resistance near Rs 150 mark. Going forward, we expect a decent bit of correction in case of Petronet LNG. Thus we recommend selling Petronet LNG July futures in the range of Rs 147 to Rs 148. The stop loss on the higher side should be placed at Rs 149.75. The target price in the next three-five trading sessions is Rs 142.
The second call is a sell call in the case of Hero Motocorp. We recommend selling the July futures in case of Hero Motocorp below the levels of Rs 2,080. The stop loss for the trade would be at Rs 2,110. The expected target in the next three-five trading sessions is Rs 2,020.
  Arunesh Madan, Founder and Director of Augment Investment Pvt ltd Infosys has broken below a very significant support of Rs 2,190 in yesterday’s trade. With this the structure of the stock has turned bearish. Look to short this stock in the range of Rs 2,170-2,185 with a stop loss being placed above Rs 2,220 levels on a closing basis and look for a target of Rs 2,050 and Rs 2,100 in the coming days. Maruti Suzuki has a very strong resistance in the range of Rs 1,220 to Rs 1,230 and hence we will use the current strength in the stock to create short positions in the range of Rs 1,205 to Rs 1,210. Look for a target of Rs 1,155 in the coming days and keep a stop loss above Rs 1,230 on a closing basis.