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Check Out: Super Six stocks for March 4

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Edelweiss, Shardul Kulkarni, Angel Broking and Rakesh Gandhi, FRR shares, place their bets on two stocks each, thus offering investors a variety of options to choose from.

March 04, 2013 / 10:25 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Edelweiss, Shardul Kulkarni, Angel Broking and Rakesh Gandhi, FRR shares, 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 Kshatriya, Edelweiss
My first pick for the day is going short on SAIL. This stock has given triangle pattern breakdown with good volumes on its weekly chart. Technical indicators are also trading with a negative bias. Derivative data also indicate short build up in the stock. One can initiate short in a range of Rs 72-73 with a target price of Rs 65 and a stop loss above Rs 76.
My second pick for the day is going short on IndusInd Bank. The stock has given double top pattern breakdown along with good volumes on its daily charts. Besides this, it has closed below its important support of 100 day moving average. I expect this stock to trade with a negative bias and hence recommend going short at Rs 405 with a target price of Rs 380 and a stop loss above Rs 420.
  Shardul Kulkarni, Angel Broking
The first stock that we would recommend is a sell call with regards to Tata Motors March Futures. The chart structure shows a very strong lower top, lower bottom cycle. Going forward, we expect further downside in case of Tata Motors. Sell the stock in the range of Rs 291-292 on the March Futures contract. Place a stop loss at Rs 297 and trade bearish for a target of Rs 275 over the next six-eight trading sessions.
The second stock that we will recommend is a sell call with regards to Adani Enterprises March Futures. The stock clearly shows a fresh breakdown in case of Friday’s trading session and going forward further downside can be possible. Sell the stock in the range of Rs 212-213. Place a stop loss at Rs 219 and trade bearish for a target of Rs 200 or Rs 195 going forward.
Rakesh Gandhi, FRR shares
My first pick for the day is sell Power Finance Corporation. The stock has been trending above Rs 195 since last four months. On Friday, it has broken the critical level of Rs 195 and eventually closed below 200 days exponential moving average that it is indicating that it could further lower levels and hence can be sold for a target of Rs 175 with a stop loss of Rs 205.
My second pick for the day is Rural Electrification Corporation. The stock has been trending in a very small range since December 2012. While remaining in this small range, it has formed a bearish head and shoulder pattern. On Friday, it has decisively broken the bearish pattern and closed below 200 days exponential moving average indicating that it could see further lower levels. Hence, on rallies it can be sold around Rs 220 for a target of Rs 190 with a stop loss of Rs 235. 
first published: Mar 4, 2013 10:25 am

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