On CNBC-TV18's show Super Six, market gurus Pritesh Mehta of IIFL, Shardul Kulkarni of Angel Broking and Vishal B Malkan of malkansview, 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.
Pritesh Mehta of IIFL I have a buy on Idea Cellular. The stock has been in a bull market since the start of April. It is an ideal example of an uptrending stock. Since August the stock corrected and then consolidated and on Wednesday it broke off from a triangular bullish pattern. Buy above Rs 168 with stop loss of Rs 163 for a target of Rs 178 in next four-five trading sessions. I have a buy on Apollo Hospitals Enterprises. The stock has done nothing in the last one month besides trading in a band of Rs 890 and Rs 840. On Wednesday it crossed above the upper end of this trading band giving an upside breakout. Our view is further validated after the stock gave a close above 52 day moving average. If the stock holds up above Rs 930 in next couple of trading sessions then we can see huge upside. Buy above Rs 920 with stop loss of Rs 890 for target of Rs 990 in the next five-six trading sessions.Shardul Kulkarni, Angel Broking I have a buy call on Dr Reddys Laboratories. The stock is at a lifetime highs and is moving in a very strong higher top-higher bottom cycle plus there is a cup and handle breakout on the daily chart. We recommend buying this stock with a stop loss of Rs 2,360 for a target of Rs 2,520 or higher levels over the next three-five trading sessions. I have a sell call on Unitech October Futures. The stock is moving in a very strong lower top-lower bottom cycle and in yesterday’s trading session it has given a trendline breakdown on the daily charts. We recommend selling the October futures contract for Unitech with a stop loss of Rs 17.55 for first target or Rs 15 over the next eight to ten sessions.
Vishal B Malkan of malkansview.com Reliance Communications has managed to close above important resistance of Rs 160 on daily basis. It has formed a bullish candlestick pattern on daily charts. Hourly momentum has entered into bullish zone again. I recommend a buy with a stop loss of Rs 158, for target of Rs 166-169. Union Bank of India has come to support of 61 percent retracement of the recent rally from Rs 95 to Rs 145 forming a bullish candlestick pattern on daily charts. Hourly momentum entering into bullish zone, I recommend a buy with a stoploss of Rs 112 for targets of Rs 122 and Rs 124.
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