HomeNewsBusinessStocksCheck out: Top super six ideas for the day

Check out: Top super six ideas for the day

Vishal Malkan of malkansview.com recommends selling Reliance Infrastructure with a stop loss of Rs 339 and for targets of Rs 325 & Rs 320.

June 24, 2013 / 09:10 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Arunesh Madan of Augment Investment and Gaurav Ratnaparkhi of Sharekhan, 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 of malkansview.com
My first pick is Reliance Infrastructure. It is a sell call. It has started tagging on the lower Bollinger band on daily charts. I recommend a sell with a stop loss of Rs 339 and for targets of Rs 325 & Rs 320.
My second pick is ACC. It has broken an important support of Rs 1,170 on a closing basis forming bearish patterns on daily and weekly chart. I recommend a sell with a stop loss of Rs 1,180 and for targets of Rs 1,150 & Rs 1,140. Arunesh Madan of Augment Investment Axis Bank has formed a bullish pattern on the daily candlestick charts in the trade on Friday. Look to buy this stock in the region of Rs 1,250 to Rs 1,255, keep a stop loss below Rs 1,235 levels. Going forward I can look for a target of Rs 1,285 and Rs 1,320 in the coming days. Jubilant Foodworks formed a bullish pattern on the candlestick charts on Wednesday followed by good follow up buying on Thursday and Friday. One can buy this stock once it begins to trade above the Rs 1,003 level, keeping a stop loss of Rs 990 and one can look for a target of Rs 1,030 & Rs 1,050 in the coming days. Gaurav Ratnaparkhi of Sharekhan
In the last session, Adani Ports has formed an engulfing bull candle, thus marking beginning of the third leg on the upside. The daily momentum indicator is in bullish mode and is assisting bulls in pushing the stock higher. So one can buy this stock at current level with stop loss of Rs 147.50 and target will be Rs 161. Anant Raj - The daily moment indicator has given a fresh buy signal in the last session. So this is an ideal level to initiate fresh long position from short-term perspective and stop loss can be maintained at Rs 52.80 and the target will be Rs 60.
first published: Jun 24, 2013 09:10 am

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