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6 stock ideas to liven up your trade

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.

October 29, 2012 / 09:27 IST
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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 of malkansview.com HDIL has broken an important support of Rs 99 on closing basis. Hourly momentum is bearish. I recommend a sell with a stop of Rs 100 for targets of Rs 94 and 92. Bank of Baroda has formed a bearish candlestick pattern on daily charts. Hourly momentum is bearish. I recommend a sell with a stop of Rs 774 for targets of Rs 752 and 745.
  Vikrant Jadeja of Vibrant Trades
My first trade idea for the day would be from the auto industry that is Bajaj Auto. Buy Bajaj Auto with current market price with stop loss of Rs 1,748 on closing basis and expect a target of Rs 1,840 and Rs 1,860 in next 2-3 sessions. We have also seen that Bajaj Auto has given a good breakout in last two trading sessions with good volumes.
My second trade idea for the day would be from the midcap IT counter that is Hexaware Technologies. We have seen that it has been in a falling trend from the highs of Rs 140-108. Buy the stock with a stop loss of Rs 108.40 on closing basis. Buy with current market price with a target of Rs 118 and Rs 123 in next 2-3 trading sessions.
Rajeev Agarwal of dynamixresearch.in
My first call is buy on Maruti Suzuki India. After giving breakout on daily charts it is now showing consolidation, so one can buy it with a stop loss below Rs 1,330 for targets of Rs 1,410 and Rs 1,450.
My second call is buy on Tata Steel. It is now again near its good support of Rs 390. So, one can accumulate it up to Rs 395 with a stop loss below Rs 388 for targets of Rs 414 and Rs 425.
 
first published: Oct 29, 2012 08:58 am

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