On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Arunesh Madan of Augment Investment 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.comFirst pick is DLF. It has formed a bullish candlestick pattern on daily chart. Hourly momentum is bullish. I recommend a buy with a stop loss of Rs 226 and target of Rs 235-240.
Second pick is GMR Infrastructure. It has shown a bullish candlestick pattern on daily chart. Price has started tagging the upper bollinger band on hourly charts. I recommend a buy with a stop loss of Rs 19 for targets of Rs 20-20.50.
Arunesh Madan of Augment Investment
First pick is Punjab National Bank (PNB). It has given a very good breakout above level of Rs 862 in yesterday’s trade on the back of very good volumes. The stock has a minor resistance closer to a level of Rs 875-876. Buy PNB once it begins to trade above the Rs 876 levels keeping a stop loss below the Rs 864 levels on a closing basis and we can expect a target of Rs 900-920.
Second pick is ICICI Bank. It has multiple resistances in the range of Rs 1155-1158 and the stock has not been able to trade above this level. Look to short this stock in the region of Rs 1145-1150 keeping a strict stop loss above Rs 1160 levels on closing basis and going forward we can expect a target of Rs 1120-1100.
Vishal Kshatriya of Edelweiss
First pick is long on Financial Technologies. The stock has given a trend line breakout with good volumes on its hourly charts. Technical indicators on daily chart are also trading with a positive bias. Open interest date indicates long buildup in the stock in previous trading sessions. I would recommend traders to go long at current market price with a first target of Rs 1200 and a final target of Rs 1230 maintaining stop loss below Rs 1080.
Second pick is long on DLF. Stock has given a breakout of its key resistance level with good volumes in previous trading session. Open interest data also indicates long buildup in the stock. I expect counter to trade with a positive bias and hence recommend going long at current market price with a first target of Rs 245 and a final target of Rs 250 maintaining stop loss at Rs 222.
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