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6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of vibranttrades.com, Shardul Kulkarni of Angel Broking and Rajeev Agarwal of www.dynamixresearch.in, place their bets on two stocks each, thus offering investors a variety of options to choose from.

December 04, 2012 / 09:06 IST

On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of vibranttrades.com, Shardul Kulkarni of Angel Brokingand Rajeev Agarwal of www.dynamixresearch.in, 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 vibranttrades.com

First trade idea for short-term is Reliance Communications. We have seen a good upside from the levels of Rs 58 to 73 in the last two weeks. We may see some downside retracive moves in this counter soon. Sell RComm December futures around Rs 72 with a stop loss of Rs 73.5 on closing basis; expect a target of Rs 67-68 in next three-four trading sessions.

Second trade idea for short-term is Titan Industries. Daily chart structure as per momentum indicator suggests that buying has exhausted in this counter and we may see some kind of consolidation on the downside in this counter soon. Sell Titan December futures around Rs 308 and Rs 309 with a stop loss of Rs 313 on closing basis; expect a target of Rs 302 and Rs 293 in next five to six trading sessions.

 

Shardul Kulkarni of Angel Broking

We are recommending a buy call on Jubilant Foodworks. The chart structure of Jubilant Foodworks suggests that if the stock can cross the levels of Rs 1,290 then there is significant upside in the near-term. We recommend buying the stock above the levels of Rs 1,290 for a target of Rs 1,350 with a stop loss of Rs 1,260 in the next four to six trading sessions.

A sell call with regards to Ashok Leyland. The chart structure of Ashok Leyland shows negative divergence on the daily chart. We recommend selling Ashok Leyland December futures in the range of Rs 28.2 to Rs 28.4, place a stop loss of Rs 28.95 and trade bearish for a target of Rs 27 in the next four-six trading sessions.

 


Rajeev Agarwal of www.dynamixresearch.in

On daily chart Rural Electrification Corporation (REC)  is showing reverse head and shoulder above Rs 238. If it breaks Rs 238 level with volumes one can buy it with a stop loss below Rs 230 and hold for target around Rs 252 and Rs 267 in short-term.

I have a buy on Financial Technologies. After a strong rally it is now in a consolidation mode, so one can accumulate it in the range of Rs 1,130 to Rs 1,120 and keep a stop loss below Rs 1,080 on closing basis and hold for near-term targets around Rs 1,200 to Rs 1,250 in the short-term.


 

first published: Dec 4, 2012 09:02 am

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