On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Rajesh Jain of Religare Securities and Vishal Kshatriya of Edelweiss, 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 of malkansview.com Tata Steel has formed a bullish candlestick pattern on daily chart. Intraday chart momentum is bullish. I recommend a buy with a stop of Rs 249 for targets of Rs 260 and Rs 264. Jindal Steel & Power has been consolidating between Rs 210-220 from many days, closed above that level on a closing basis today. Intraday momentum is bullish. I recommend a buy with a stop of Rs 218 for targets of Rs 227 and Rs 232. Rajesh Jain of Religare Securities DLF is on the verge of giving a breakout from a triangle formation on the intraday chart. On the daily chart the stock has bounced back after testing its important support level of Rs 170. These are positive developments indicating strength in the near term. One can buy the stock at its current price keeping a closing stop loss below Rs 170 for higher target of around Rs 190 to be achieved in coming trading session. Mahindra and Mahindra (M&M) has witnessed a steep sell off after facing resistance from a falling trend line on the daily chart placed at Rs 990 levels. At present the stock is trading close to its important support levels, which are at Rs 900. These are attractive levels to take a long position. One can buy the stock at its current market price, keeping a closing stop loss below Rs 910, for higher target of more than Rs 950 to be achieved in coming trading sessions. Vishal Kshatriya of Edelweiss I have long call on MindTree. The stock has given declining trendline breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. Traders can go long at current market price with a target price of Rs 920 and stop loss below Rs 860. I have long call on HDFC Bank. The stock has given inverse head and shoulder pattern breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias; open interest data also indicates long build-up in a stock. Traders can initiate long at current market price with the target price of Rs 720, maintain stop loss below Rs 660.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!