On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO of chartpundit.com, 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.
Hemen Kapadia, CEO of chartpundit.com
Sell Century Textile. Stock has reflected significant amount of weakness. It has been posting progressively lower tops and bottoms. It looks like a good short term sell. Keeping that in mind one can sell century at Rs 260 with stoploss of RS 263 and target of Rs 254. It is a shorter term call valid from an intraday point of view. ACC has reflected strength. It is a buy call. It has given upward key reversal. Stock is also quoting above the 100 day exponential average. It looks set for a good short term bounce. Keeping that in mind one can buy it at Rs 1115 with a stoploss of Rs 1105 and target of Rs 1135. This is a shorter term call valid from an intraday point of view.
Rakesh Gandhi, Sr Technical Analyst of LKP Pantaloon has seen a good rise in volume since last 2 weeks of November and on Friday it saw a good breakout as the news were out. Stock has further steam left out and could be bought for a target of Rs 265 between Rs 225-235 with a stoploss of Rs 215. Raymond has seen a breakout from a falling trend line and has shown good resilience in a falling market also. I think it has got upward momentum and can be bought for a target of Rs 425 and stoploss of Rs 370.
Vishal B Malkan, CMT, www.malkansview.com Apollo Hospitals has given a very smart move in last 1 week. Buy it on dips to Rs 590 with a stoploss of Rs 570 for a target of 650-680. It has breakout on weekly and monthly charts and is trading at all time high. Apollo Tyres has been trading in a band of Rs 52-62 which broke out on Friday with decent volumes. Buy it with a stoploss of Rs 60 for target of Rs 68 and 72.
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