HomeNewsBusinessStocksCheck Out: Super Six stocks for March 1

Check Out: Super Six stocks for March 1

On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, www.malkansview.com, Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss and Rakesh Gandhi, Sr Technical Analyst, LKP, place their bets on two stocks each, thus offering investors a variety of options to choose from.

March 01, 2012 / 10:34 IST
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On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, www.malkansview.com, Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss and Rakesh Gandhi, Sr Technical Analyst, LKP, 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 B Malkan, CMT, www.malkansview.com My first pick is Hindustan Petroleum Corporation (HPCL). It has given the breakout above the levels of Rs 310 with above average volumes. I recommend a buy with a stoploss of Rs 304 for targets of Rs 325 and Rs 332.
My second pick is Sterlite Industries. It has formed higher bottom, higher top situations in hourly charts. Patterns are bullish. Momentum is bullish. I recommend a buy with a stoploss of Rs 121 for targets of Rs 129 and Rs 133.
Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
My first pick for the day is going long on Tata Global. Stock has given a flat pattern breakout along with good volumes on its daily chart. Momentum oscillators on intraday as well as daily chart have given a buy signal. Open interest data indicates aggressive long build-up in the stock in previous trading session. Traders can go long at current market price with target price of Rs 135, maintain stop loss below Rs 120.
My second pick for the day is going long on Tata Coffee. Stock has given inverted head and shoulder pattern breakout on its hourly chart. Besides this momentum oscillators on daily as well as intraday charts have given a fresh buy signal. I am expecting stock to trade the positive bias in days to come and hence recommend going long at current market price with target price of Rs 900. Maintain stop loss below Rs 800.
  Rakesh Gandhi, Sr Technical Analyst, LKP
My first call for the day is Rolta. The stock has been consolidating since last two weeks and yesterday it has once again entered into an upward momentum, hence it can be bought for a target of Rs 115 with a stop loss of Rs 99.
My second call for the day is TTK Prestige. The stock has formed a head and shoulder pattern on hourly charts which is having a neckline at Rs 2,970. Once it sees a breakout above the neckline it could move in a huge upward momentum and hence can be bought for a target of Rs 3,200 with a stop loss of Rs 2,850.
first published: Mar 1, 2012 08:34 am

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