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6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Arunesh Madan of Augment Investment and Rakesh Gandhi of LKP, place their bets on two stocks each, thus offering investors a variety of options to choose from.

June 27, 2012 / 09:06 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Arunesh Madan of Augment Investment and Rakesh Gandhi of LKP, 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.


Manas Jaiswal of manasjaiswal.com
Yesterday Tata Steel took support at Rs 405 and bounced back smartly. On the daily chart it made a hammer pattern, so we may see further recovery and stock can test Rs 418 in next one or two trading sessions. One can buy the stock at current levels with the stop loss of Rs 406.
Yesterday PTC India broke the neckline of inverse head and shoulder pattern on the intraday chart, so now stock can move the 200 day moving average and test Rs 66 in next one or two trading sessions. One can buy the stock at current levels with a stop loss of Rs 58.
  Arunesh Madan of Augment Investment HCL Tech has formed hammer pattern on the daily candlestick charts indicating that the stock may have bottomed in the very short run, besides the stock has got a very strong support in the region of Rs 449 to Rs 452. Look to buy this stock in the range of Rs 455-460 with a stop loss below Rs 449 on a closing basis and look for a target of Rs 475-480 in the coming days.
I have a sell call in HUL in the range of Rs 452-454 with a stop loss being placed above Rs 458 levels as the stock has formed a bearish pattern on the daily candlestick charts. Look for a target of Rs 425-430 in the coming days.
Rakesh Gandhi of LKP
My first pick for the day is PTC. The stock has been in a sideways trend since more than four months and has a pivot level of Rs 58. It has been observed that as and when it has crossed the pivot level either up or down, the momentum increases. It is also making higher highs and higher lows and sustaining above its simple moving average of 200 days. I believe the stock could see further higher levels and hence can be bought for a target of Rs 66 with a stop loss of Rs 58.
My second pick for the day is Tata Global. The stock has formed an unusual pattern of triple bottom at this point of time and stock has crossed the neckline of this triple bottom with good volumes. It has also seen a crossover of short-term moving average which would add momentum to the stock and hence can be bought for a target of Rs 125 with the stop loss of Rs 115.
first published: Jun 27, 2012 09:04 am

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