On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO of chartpundit.com, Rajesh Jain, EVP Retail Research, Religare Sec and Sanjeev Agarwal, CEO, Dynamix Research & Capital Management, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read in the detailed analysis before agreeing to any or all the bets.
Hemen Kapadia, CEO of chartpundit.comSell Arvind. It has reflected weakness by giving a downward key reversal on higher volume. There has been some amount of negative divergence also, so keeping that in mind it looks like a great short term sell. one can sell it at around Rs 107 with a stoploss of Rs 110 and a target of Rs 101. This is a shorter term call valid from an intra day point of view.
Sell ABB. It has reflected weakness by posting a three trading session low, there has been mandatory negative divergence on the hourly charts. Keeping that in mind it seems like a great short term sell idea. One can sell it at around Rs 691 with a stop loss of Rs 696 and a target of Rs 681. This is a shorter term call valid from an intraday point of view.
Rajesh Jain, EVP Retail Research, Religare Sec Dr Reddy went up sharply 2 days earlier & closed at 6 month high. But in last 2 days has taken a correction, one can buy the stock at a support zone between Rs 1590-1600 keeping a stop loss of Rs 1570 for higher target of Rs 1650. DLF has seen a good correction in last 2 days. Overall trend of the stock is clearly up. One can buy it between support zone of Rs 230 and 234. Keep a stoploss of Rs 225 for higher target of Rs 245 in coming days
Sanjeev Agarwal, CEO, Dynamix Research & Capital Management
Metal sector is showing quite a weakness after a strong rise in last 2-3 days. We can short Sterlite Ind at current market price of Rs 123 and above with a stop loss above Rs 127 for a target of Rs 118-120.
We can short Tata Steel at current market price with a stop loss above Rs 481 for a target of Rs 460-455.
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