Super Six intraday picks for the day

On CNBC-TV18's show Super Six, market gurus Parag Doctor of Keynote Capitals, Vishal B Malkan, CMT, www.malkansview.com and Nooresh Merani of AMSEC Research, place their bets on two stocks each, thus offering investors a variety of options to choose from.

April 20, 2012 / 10:08 IST
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On CNBC-TV18's show Super Six, market gurus Parag Doctor of Keynote Capitals, Vishal B Malkan, CMT, www.malkansview.com and Nooresh Merani of AMSEC Research, 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.


Parag Doctor of Keynote Capitals
We would recommend buying HPCL. This stock has made a strong base between Rs 275-300 for the last few months. The stock has started an uptrend and is expected to move to 200 day moving average around Rs 325 levels with the stop loss being at Rs 280.
We would recommend buying M&M. This stock has accumulated for the last several weeks between Rs 650 and Rs 700. The stock has started an uptrend and is expected to move around Rs 750 levels with the stop loss being at Rs 675.
  Vishal B Malkan, CMT, www.malkansview.com
My first pick is Educomp. It has given a strong close yesterday with high volumes above the resistance of Rs 205, it has been consolidating, making a base around Rs 190 to Rs 200 since many days and now it has given a breakout. I expect the move to continue. I recommend a buy with a stop of Rs 203 for targets of Rs 210 and Rs 213.
After consolidation of couple of days Ranbaxy has again closed higher above Rs 515 and given a strong close. Hourly charts are bullish. I recommend a buy with a stop of Rs 511 for targets of Rs 526 and Rs 533.
  Nooresh Merani of AMSEC Research
I have a buy call on Mahindra and Mahindra with a target price of Rs 745 and stop loss to be placed at Rs 690. If you look at the stock it has made a lot of base in this band of Rs 640 to Rs 670.
I have a buy call on Escorts with a target price of Rs 90 and a stop loss to be placed at Rs 77. The stock has made a range of Rs 70 on the lower side to Rs 90-95 on the higher side. For the last two days the volumes have picked up as well as the price momentum. Given the fact that it has closed above Rs 78-80 levels which was the resistance in the near-term I would expect the stock to touch Rs 90 in extreme short-term.
first published: Apr 20, 2012 08:34 am

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