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 TCS. It has been outperforming the market since last 2 days. It is trading at all time high. I recommend a buy with stoploss of Rs 1275 and target of Rs 1304 and 1315.
My second pick is BHEL. It is taking support at important levels of Rs 300 which was a resistance earlier hourly charts have turned bullish. I recommend a buy with a stoploss of Rs 294 with a target of Rs 309 and 314.
Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
My first pick for the day is going long on Indiabulls Real Estate. Yesterday stock managed to bounce back from its support of 20 DMA with good volumes. This indicates emerging demand for the stock at support levels. Momentum oscillators on daily charts have given a buy signal. I am expecting stock to trade with a positive bias in days to come and hence recommend going long at CMP with a target of Rs 82 and stoploss at Rs 70.
My second pick is going long on Biocon. It has formed bullish candlestick pattern on daily charts. Momentum oscillators on intraday chart have given a buy signal, besides this stock has closed above its 20 DMA. This indicates positive momentum in the stock. Traders can go long at CMP with a target of Rs 302 and stoploss at Rs 275.
Rakesh Gandhi, Sr Technical Analyst, LKP
Buy Dhanlaxmi Bank with a target of Rs 75 and stoploss of Rs 66.
Short Dish TV with a target of Rs 54.50 and stoploss of Rs 60.50.
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