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6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Securities, place their bets on two stocks each, thus offering investors a variety of options to choose from.

October 25, 2012 / 09:04 IST
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On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Securities, 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.


Arunesh Madan of Augment Investment
Sell Titan Industries in the range of Rs 276-278 as the stock has formed a negative price pattern on the daily candlestick charts along with a negative divergence on the RSI indicator. The MSED has also given a sell signal on a daily closing basis. Look for a target of Rs 265 and Rs 260 to be tested in the coming days and keep a stop loss above Rs 284 levels on a closing basis.
Sell Kotak Mahindra Bank in the range of Rs 620-624 keeping a stop loss above the Rs 633 levels on a closing basis as the stock is forming lower highs and lower lows indicating that the stock is in a down trend. Look for a target of Rs 605 and Rs 595 in the coming days.
  Shardul Kulkarni of Angel Broking
The first stock that we will recommend is a sell call with regards to Rural Electrification Corporation. We are seeing that the chart structure suggests the possibility that the stock move to the lower levels of Rs 200. Sell the stock below the levels of Rs 214, place a stop loss of Rs 220.10 and trade bearish for a target of Rs 200 in the next 6-8 trading sessions.
The second stock that we will recommend is a sell call with regards to Lupin. The chart structure of Lupin shows a very strong head and shoulder bearish formation. Going forward we expect the stock to move to Rs 540. We recommend selling in the range of Rs 563 to Rs 566, place a stop loss at Rs 574 and trade bearish. We expect the target to be achieved in the next 4-7 trading sessions.
Rajesh Jain of Religare Securities
Since the past three weeks Marico has been trading in a range. This range was breached on the higher side on the last trading day. The stock is looking strong on the short term as well as medium term charts. One can buy the stock at any dip between Rs 203-206 levels keeping Rs 198 as a closing stop loss for higher target of Rs 220 plus in coming days. Central Bank of India has closed below its 100 day exponential moving average on the daily chart and is showing signs of further weakness. Overall it has been underperforming the banking Nifty also. Any rise in the stock towards Rs 74 levels can be considered as a short selling opportunity keeping a closing stop loss of Rs 75 for lower targets of Rs 68 to be achieved in the coming days.
 
first published: Oct 25, 2012 08:56 am

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