On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Nooresh Merani, AVP Technical, 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, CEO, chartpundit.com Andhra Bank is a sell call. The stock has reflected weakness by giving a downward breakout on the intraday charts, there has been negative divergence in some of the mechanical indicators on the daily charts also. Simply put Andhra Bank could decline further from here. One can sell Andhra Bank at around Rs 124 with a stop loss of Rs 127 and target of Rs 118. This is a shorter term call, valid more from an intraday point of view. BF Utilities is a sell call. The stock too has reflected weakness by giving a downward breakout on the intraday charts in fact the daily MACD has given a sell after two months. One can sell BF Utilities at around Rs 426 with a stop loss of Rs 430 and target of Rs 418. It
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