On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of Vibrant Trades, 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.
Vikrant Jadeja of Vibrant TradesMy first stock for short-term is Tata Steel. Stock has moved from the levels of Rs 390-440 in last trading sessions gradually. It is consolidating in last few sessions but looking at the daily charts structure, it seems that the stock is ready for a good breakdown. Sell Tata Steel January futures around Rs 432 with closing stop loss of Rs 439, expect a target of Rs 423 and next target of Rs 418 in next two-three trading sessions.
My second stock suggestion for short-term is Titan Industries. The stock has fallen from the levels of Rs 314 to almost Rs 290 but looking at the daily chart structure, it seems that this downside is over and we may see some kind of retracive upside reversal in this counter soon. Buy Titan Industries January futures around Rs 284 with stop loss of Rs 280 on closing basis. Expect a target of Rs 293 in next three-four trading sessions.
Arunesh Madan of Augment Investment
After forming a double top around Rs 435 levels, Sun TV has formed a negative pattern on the daily candlestick charts along with a negative divergence on the relative strength index (RSI) indicator. Look to short the stock in the range of Rs 420-425 keeping a stop loss above Rs 435 levels on a closing basis and one can look for a target of Rs 400 and Rs 380 going forward. Escorts has managed to close at the highest level in the last five months on the back of decent volumes. Look to buy this stock on any pullback in the region of Rs 71 to Rs 73 keeping a stop loss below Rs 68 levels and going forward, one can expect a level of Rs 81 and Rs 88 in the coming days.
Vishal Kshatriya of Edelweiss
My first pick is going long on National Mineral Development Corporation Ltd (NMDC). Stock has given inverse head and shoulder pattern breakout along with good volumes. Besides this, average directional index (ADX) has also given a buy signal. I am expecting stock to trade with a positive bias in days to come and hence recommend going long in the range of Rs 162 to 164 with a target price of Rs 175 maintaining stop loss below Rs 158.
My second pick for the day is going long on Reliance Industries (RIL). Stock has given a breakout of its three months old declining trendline along with good volumes. Technical indicators on daily charts are also trading with a positive bias. Short-term traders can go long in the range of Rs 840-845 with a first target of Rs 880 and a final target of Rs 890 maintaining stop loss below Rs 815.
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