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6 stock ideas to liven up your trade

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Nooresh Merani of AMSEC Research and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, place their bets on two stocks each, thus offering investors a variety of options to choose from.

February 06, 2012 / 11:02 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia of chartpundit.com, Nooresh Merani of AMSEC Research and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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.


Hemen Kapadia, chartpundit.com
One can buy Areva T&D. The stock has reflected strength by sustaining above the 55 DMA exponential moving average. It has given a mini break out of sorts. One can buy at Rs 183 with a stoploss of Rs 180 and target of Rs 189. This is a shorter term call valid from an intraday point of view.
One can buy Aurobindo Pharma. The stock has reflected strength by posting a fresh 2.5 month high. One can buy at Rs 120 with a stoploss of Rs 117 and target of 126. This is a shorter term call valid from an intraday point of view.
  Nooresh Merani of AMSEC Research
My first stock is a buy on Biocon with target of Rs 300 and stoploss at Rs 268. If you look at the stock after breaking out Rs 300 it went to sub Rs 250 levels. For the last 2-3 weeks it has made a good bottoming out formation in the zone of Rs 250-260.
My second stock call is a buy on BEML with target of Rs 600 and stoploss at Rs 535. If you look at the stock it was facing resistance in the range of Rs 540-545 over last 2 weeks as well it has been in a tight range of 100 points over last 3 months. The stock has not bounced back in comparison to its sector.
  Arunesh Madan, Founder and Director of Augment Investment Pvt ltd
I have a short call on Hindalco. The stock after rallying from a level of Rs 116 has seen an engulfing bearish pattern on the daily candlestick charts. This coupled with negative divergence on the RSI indicators indicates a short term peak may have been formed on the counter. Look to short in the region of Rs 157-158, stoploss above Rs 163 and target of Rs 145-146.
I have a buy call in Axis Bank. The stock is witnessing a very strong momentum on the upside. There is a negative cost of carry indicating a short squeeze on the counter may happen in next couple of days. Buy at Rs 1090-1100 with a stoploss below Rs 1070 and target of Rs 1145-1150 in next 2-3 trading sessions.
first published: Feb 6, 2012 08:36 am

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