On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Vikrant Jadeja of Vibrant Trades and Rajeev Agarwal of 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.
Vishal Malkan, www.malkansview.com Mahindra and Mahindra (M&M) has been outperforming markets since a long time. It has managed to close above the highs of Rs 890 with price tagging the upper Bollinger band on daily charts. I recommend a buy with a stoploss of Rs 880 for targets of Rs 910 and Rs 914. My second pick is Adani Ports and Special Economic Zone, it is a sell call. It has formed double top at Rs 130 levels and formed bearish candlestick pattern on daily charts. I recommend a sell with a stoploss of Rs 127.50 for targets of Rs 122 and Rs 120.Vikrant Jadeja, Vibrant Trades
My first trade idea for the day would be Tech Mahindra. On the chart structure we have seen that Tech Mahindra has given a breakout on trend lines on early charts. We can expect a good reversal in this counter in the near future. Buy it at current market price with stop loss at Rs 910 on closing basis and expect a target of Rs 960 in the next 1-2 trading sessions.
My second trade idea for the day would be Idea Cellular. We have seen that this counter is taking continuous supports on price levels at around Rs 80. Buy it at current market price with stop loss for Rs 81.50 on a closing basis and expect a target of Rs 87-89 in next 2-3 trading sessions.
Rajeev Agarwal, www.dynamixresearch.in
My first call is sell on Titan Industries. After a strong rally it is showing weakness now. So, one can sell it in the range of Rs 272-275 with a stop loss above Rs 283 for targets of Rs 265 and Rs 256 in the short-term.
My second call is Sterlite Industries, it has been range bound between Rs 104 and Rs 98 for many days. So when it reached Rs 98 downside then one can sell it with a stop loss above Rs 100 for targets of Rs 95.50 and Rs 93.
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