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6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Rajesh Jain, Religare Securities and Rakesh Gandhi FRR shares, place their bets on two stocks each, thus offering investors a variety of options to choose from.

February 07, 2013 / 09:06 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Rajesh Jain, Religare Securities and Rakesh Gandhi FRR shares, 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.com
Sell ICICI Bank. It has formed daily divergences and hourly momentum is bearish. I recommend a sell with a stop loss of Rs 1175 for targets of Rs 1140-1130.
Sell Bharat Heavy Electricals (BHEL). It has been an underperformer since a long time making lower tops and lower bottoms. I recommend a stop loss of Rs 209 for targets of Rs 202-200.
Rajesh Jain, Religare Securities Reliance Communications has formed a bearish distribution on the daily charts but for the last two days the stock is trying to take counter rally. In this counter rally one can short the stock near Rs 80 keeping a closing stop loss of Rs 82 for lower target of Rs 75.
Buy Mcleod Russel. It has been in a steady uptrend and went into a sideways consolidation for the last two months from where the stock has broken on the higher side. One can buy the stock at current price keeping a closing stop loss of Rs 350 for higher target of Rs 380.
  Rakesh Gandhi FRR shares
Buy IRB Infrastructure Developers. The stock has made a very strong base since June 2012 staying above Rs 113. Recently it has started making higher highs and higher low pattern. Short-term moving averages, volumes and oscillators suggest that short-term momentum is bullish and hence the stock can be bought for a target of Rs 137 with a stop loss of Rs 113.
Buy Reliance Infrastructure. After see a bullish breakout from large technical patterns stock has remained subdued since last two-three weeks. In this quite phase it has found good support at the level of 100-200 days exponential moving average. Once again the momentum can pick up once it crosses Rs 525 and hence a buy call for a target of Rs 545 with a stop loss of Rs 500.
first published: Feb 7, 2013 09:06 am

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