On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Vikrant Jadeja of Vibrant Trades and Rajeev Agarwal of www.dynamixresearch.in, 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.
Shardul Kulkarni of Angel Broking
We have a sell call on IRB Infrastructure. It suggests a strong inverted flat breakdown and we expect the stock to move to the lower side to around Rs 112. Sell the stock November futures in the range of Rs 122 to Rs 122.5; place a stop loss at Rs 125 and bearish for a target of Rs 112 in the next four-six trading sessions.
A buy call in case of Ranbaxy Laboratories. The daily charts of Ranbaxy suggest a sideways consolidation pattern in the range of Rs 520 to Rs 560. The stock is at the lower end of the range at the current price. We recommend buying only above Rs 525, place a stop loss at Rs 519 and trade bullish for a target of Rs 540 in the next four-six trading sessions.
Vikrant Jadeja of Vibrant Trades
My first trade suggestion for the day is Reliance Industries November futures. We have seen that in the last trading sessions this stock has bounced from the levels of Rs 765 and now it is finding good supports around the level of Rs 770. Buy it around level of Rs 775 with a stop loss of Rs 765 on closing basis; expect a target of Rs 790 and Rs 800 in next five to six trading sessions.
My trading idea for the day is VIP Industries. It has fallen from the levels of Rs 99 to Rs 75. It has almost consolidated and now ready to move up. We can expect a short-term reversal on the upside in this counter. Buy it at current market price with a stop loss of Rs 77 and expect a target of Rs 86 in next four-five trading sessions.
Rajeev Agarwal of www.dynamixresearch.in
Buy Power Grid Corporation of India, after a strong rally it is now consolidating in a downward channel and showing breakout above Rs 121. So one can buy it only above Rs 121 and keep a stop loss below Rs 118 and hold for targets of Rs 124 to Rs 128 in short-term.
Buy Lovable Lingerie. One can accumulate in the range of Rs 350 to Rs 345 and keep a stop loss below Rs 325 on closing basis. It can move to Rs 380 to Rs 415 in short-term.
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