On CNBC-TV18's show Super Six, market gurus Vishal Malkan malkansview.com, Shardul Kulkarni of Angel Broking and Sanjeev Agarwal Dynamix Research, 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.comReliance Capital is a sell call. The prices started tagging the lower Bollinger band with huge volumes. I recommend a sell with a stop of Rs 470 for targets of Rs 450 and Rs 445. Ambuja Cements has formed bearish candlestick pattern on hourly charts. The momentum is bearish. I recommend a sell with a stop of Rs 200 for targets of Rs 193 and Rs 191.
Shardul Kulkarni of Angel Broking
A sell call with regards to Bank of Baroda January Futures. The chart structure shows that the support level of Rs 860 has been convincingly broken and going forward we expect further downside in case of this particular counter. Sell the stock below the levels of Rs 839; place a stop loss at Rs 860 and trade bearish for a target of Rs 790 over the next six-eight trading sessions.
A sell call on Aurobindo Pharma January Futures. The chart structure shows a very strong bearish head and shoulder formation and the breakdown is below the levels of Rs 184. Sell the stock below Rs 184 on the January Futures contract, place a stop loss at Rs 190 and trade bearish for a target of Rs 170 over the next six-eight trading sessions.
Sanjeev Agarwal Dynamix Research
I have a sell call on Canara Bank. It has completed its distribution and is very weak on the charts. One can sell it at a current market price and keep a stop loss above Rs 506 for a target of around Rs 475 and Rs 455.
My call is a sell on Reliance Capital. It has given a strong sell signal below Rs 475. One can sell it at current market price and any pullback towards Rs 475 with a stop loss above Rs 486 for a target of around Rs 446 and below Rs 440 it can easily touch Rs 420.
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