On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, www.malkansview.com, Parag Doctor of Keynote Capitals and Rajesh Jain, EVP Retail Research, Religare Sec, Technical Analyst, 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 Maruti Suzuki. It’s a sell call. It has given a bearish candlestick pattern on daily charts. On hourly the price is tagging on lower volumes band. I recommend a sell with a stoploss of Rs 1,345 for targets of Rs 1,310-1,300. My second pick is Titan. It’s a buy call. It has given a good move yesterday giving a breakout on hourly charts as well as on volumes. I recommend a buy with a stop of Rs 240 for targets of Rs 248-252.
Parag Doctor of Keynote Capitals We at Keynote Capital would like to recommend buy Titan Industries. This stock has started a smart uptrend after finding very strong support around Rs 230 levels. The stock is expected to move to the recent resistance around Rs 260 with a stop loss being at Rs 235. We would like to recommend to buy TTK Prestige. This stock is in a new bull orbit having made a 52-week high. The stock is expected to move to Rs 3,750 levels with a stop loss being at Rs 3,450.
Rajesh Jain, EVP Retail Research, Religare Sec
Yesterday when the markets were falling Cipla was moving high showing the defensive play in the market. One can buy Cipla near Rs 315 levels, which is an important support keeping a stoploss of Rs 310 for target of Rs 328. Syndicate Bank had fallen from its sideways range of two months in April, but saw a counter rally after that. Now it is at important resistance levels. One can short the stock at current price keeping a closing stop loss of Rs 112 for target of Rs 98.
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