Super six trading ideas for July 9

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Sanjeev Agarwal, CEO, Dynamix Research & Capital and Manas Jaiswal of manasjaiswal.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.

Vishal Kshatriya of Edelweiss
Long call on Dena Bank. Stock has broken out its key resistance area along with good volumes on its daily as well as weekly charts. Momentum oscillators on daily charts have also given a fresh buy signal. Last weeks data indicates aggressive long built-up in the stock. Traders can go long in the range of Rs 100-102 with target price of Rs 106 and 108, maintaining stop loss at Rs 97. Reliance Industries has been facing supply near its resistance area of Rs 745-750. Momentum oscillators on daily charts have given a fresh sell signal. Recommend going short on July Futures in a range of Rs 738-742 with target of Rs 720 and stop loss of Rs 750.
  Sanjeev Agarwal, CEO, Dynamix Research & Capital Reliance Capital has given a very strong breakout above Rs 360 and now it’s going towards it. We can buy it around Rs 360 with a stop loss below Rs 340 for a target of Rs 400 and Rs 440.
We can buy Sesa Goa around Rs 195 with stop loss below Rs 185 for target of Rs 215-240.
 
Manas Jaiswal of manasjaiswal.com IRB Infra is continuously making higher tops and higher bottoms on the daily charts. And on Friday it broke the resistance of Rs 136 with higher volumes. So one can buy the stock at current levels for the target of Rs 144, one can keep the stop loss of Rs 135. Tata Communication witnessed V-shape recovery in last 15 days. And on Friday it broke the resistance of Rs 242. So now the stock can test Rs 252 in next couple of trading sessions. One can buy it with the stop loss of Rs 239.