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Super Six stocks you can bet on Dec 17

On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of Vibranttrades.com, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Sec, place their bets on two stocks each, thus offering investors a variety of options to choose from.

December 17, 2012 / 09:56 IST
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On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of Vibranttrades.com, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Sec, 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.


Vikrant Jadeja of Vibranttrades.com
Buy HCL Technologies. This counter has fallen from the levels of Rs 660 to Rs 608 and now it is ready to move up. Also IT stocks are showing some kind of sense in current market. Buy it around Rs 630 with stop loss of Rs 622 on closing basis. Expect a target of Rs 647 in next two-three trading sessions.
Sell Adani Power December Futures. Looking at the daily chart structure we may see that some kind of downfall is expected in this counter. Sell it around Rs 61.75 with a stop loss of Rs 63.25 and target of Rs 57.50 in next three-four trading sessions.
  Shardul Kulkarni of Angel Broking
Sell Reliance Communications. After a significant up move the stock has shown a very strong bearish engulfing pattern on daily charts. We recommend selling December Futures in RComm below the levels of Rs 74, place a stop loss at Rs 76 and target of Rs 69 in next four-six trading sessions.
Buy Ultratech Cement. The chart structure shows a very strong flag breakout in case of Fridays trading session. Buy the stock in the range of Rs 1990-2000 on December Futures, place a stop loss at Rs 1960 and trade bullish for a target of Rs 2100 in the next six-eight sessions.
Rajesh Jain of Religare Sec Andhra Bank has formed an inverted head and shoulder formation on weekly chart and has broken out of it last week. The stock has retraced back and now investors can buy the stock at current market price keeping a closing stop loss of Rs 110 for higher targets of Rs 135. NCC has been trading sideways since the past two weeks. On Friday the stock broke out from this range. One may buy the stock at current price keeping a closing stop loss of Rs 48 for target of Rs 60 to be achieved in the coming weeks.
first published: Dec 17, 2012 09:48 am

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