On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com and Rajesh Jain, Religare Securities, 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 Malkan, malkansview.com
My first pick is BPCL. It is a buy call. BPCL has been outperforming the market since a long time. It has formed a bullish candlestick pattern on daily chart as well as on hourly chart. I recommend a buy with a stop of Rs 415 for targets of Rs 435-440.
My second pick is Dena Bank. It is a sell call. It has broken an important support of Rs 107 on closing basis. Price has started tagging the lower Bollinger band on daily charts. I recommend a sell with a stop of Rs 110 for targets of Rs 105-103.
Rajesh Jain, Religare Securities
After the result Infosys had taken a sharp rally on the higher side and from there for the last 14 sessions the stock had moved sideways in a consolidation zone. On Friday the stock tried to fill the gap which was formed there and now I expect the stock to move up. One can buy the stock at current price keeping a closing stop loss of Rs 2,725 for higher target of Rs 2,900 plus in coming days. United Spirits took a sharp rally two months ago and from there for the last two months had been consolidating in a slightly downward falling channel. One can buy the stock at current price keeping a closing stop loss of Rs 1,800 for higher target of Rs 2,030 plus in coming days.
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