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6 trading stocks for short term gain

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.

May 02, 2012 / 13:07 IST
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On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, www.malkansview.com, Parag Doctor of Keynote Capital 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 TTK Prestige. It has been out performing the market since many days. There is a positive reverse divergence on daily charts. I recommend a buy with a stop loss of Rs 3450 for target of Rs 3530-3560.
My second pick is Jindal Steel. It has given a bullish candlestick pattern on daily charts. Hourly momentum has turned bullish. I recommend a buy with a stop loss of Rs 495 for targets of Rs 515-521.
Parag Doctor of Keynote CapitalsI recommend to buy Power Grid. This stock has corrected recently and has found support around the 200 day moving average, which is at Rs 107. The stock has started moving up and is expected to make a new high around the Rs 120 levels with a stop loss being at Rs 107.
 
We would recommend to buy Cipla. This stock in the recent correction has found support around the 200 day moving average, which is at Rs 310. The stock is expected to move to a new high around the Rs 330 levels with a stop loss being at 307.
Rajesh Jain, EVP Retail Research, Religare Sec Lupin has been holding on to its highs. It was correcting for the last 10 days but on the last trading day the stock went up on good volumes. One can buy the stock between its support levels of Rs 545-550 keeping a stop loss of Rs 535 for target of Rs 575. Coal India consolidated in the first 3 months of 2012 and then took a break higher in April. From higher levels of Rs 365 the stock took a correction in last trading 8 days. One can buy the stock between Rs 345-350 which is its important support keeping a stop loss of Rs 345 for higher target of Rs 365.
first published: May 2, 2012 09:12 am

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