Super Six short term picks for Dec 24

On CNBC-TV18's show Super Six, market gurus Rajeev Agarwal of dynamixresearch.in, Manas Jaiswal of manasjaiswal.com and Vishal Malkan of malkansview.com, 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.

Rajeev Agarwal of dynamixresearch.in

My first call is buy on Jindal Stainless. As we have seen in the past, the metal sector has underperformed with the market rally but now it is showing strong momentum, so one can buy it with this closing stop loss below Rs 66. As per our structure also market should peak out by January second week, so one can hold it for target around Rs 82-86 for next two-three weeks horizon.

My second call is also from metal sector. One can buy Uttam Galva Steel here with closing stop loss below Rs 59 and hold for targets around Rs 72-77 in next two-three weeks.

 

Manas Jaiswal of manasjaiswal.com

National Aluminium Company is making it higher tops and higher bottoms for the charts and on Friday it broke the resistance of Rs 50 with higher volumes. So now we may see a further recovery the stock can test Rs 53 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 49.

ITC has made a piercing pattern on the daily chart, which is a sign of reversal. So we may see further recovery in the stock. Stock can test Rs 296 in the next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 286.

Vishal Malkan of malkansview.com

My first pick is Dena Bank. It is a sell call. It has broken an important support of Rs 114 on closing basis. Hourly momentum is bearish. I recommend a sell with a stop of Rs 115 for targets of Rs 111 and Rs 109.

Reliance Infrastructure has formed a bearish candlestick pattern on daily charts. Hourly momentum is bearish tagging the lower Bollinger bond. I recommend a sell with a stop of Rs 522 for targets of Rs 505 and Rs 500.