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6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vikrant Jadeja of Vibrant Trades and Rajeev Agarwal of www.dynamixresearch.in, place their bets on two stocks each, thus offering investors a variety of options to choose from.

January 16, 2013 / 11:14 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vikrant Jadeja of Vibrant Trades and 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.


Manas Jaiswal of manasjaiswal.com Reliance Communications is making higher tops and higher bottom on the charts and yesterday it broke the resistance of Rs 85 with the higher volumes. So now stock can test Rs 90 in the next one or two trading sessions. One can buy the stock at current levels with the stop loss of Rs 84.
For the last three weeks Adani Power was trading in a range of Rs 65-60, but yesterday it broke this range upside with higher volumes. So now the stock can test Rs 70 in the next one or two trading sessions. One can buy the stock at current levels with a stop loss of Rs 64.
Vikrant Jadeja of Vibrant Trades
My first trade idea for short-term is Dewan Housing Finance (DHFL). Looking at the intra-day chart history of last few sessions it seems that flag pattern is very much visible in this counter. Also, we have received a confirmation on the upside of this pattern. We may expect a further upside in this counter in coming sessions. Buy DHFL around Rs 220 with a closing stop loss of Rs 214, expect a target of Rs 240 in the next 2-3 trading sessions.
My second stock suggestion for the short-term is Jammu and Kashmir (J&K) Bank. Stock has given a good breakout on daily charts after a good amount of consolidations. Also, higher deliverable volumes in last few trading sessions suggest that further upside may continue in this counter due to some kind of informed buying. Buy J&K Bank around Rs 1,355 with closing stop loss of Rs 1,315. Expect a target of Rs 1,425 in the next 3-4 trading sessions.
Rajeev Agarwal of www.dynamixresearch.in
My first call is sell on ACC. After giving a strong sell signal below its 100 Day Moving Average (DMA) level it is now giving pullback towards that level again. So, one can attempt shorts here around Rs 1,390-1,400 with a stop loss above Rs 1,450 and hold for lower targets in the range of Rs 1,340-1,320 in the short-term.
My second call is sell on Mahindra and Mahindra (M&M). One can attempt short here with a stop loss above Rs 950 and add more short below Rs 920 level and hold for targets in the range of Rs 900-880 in the short-term.
first published: Jan 16, 2013 09:27 am

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