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6 stock ideas to liven up your trade

On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.

September 20, 2012 / 09:26 IST
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On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss and Shardul Kulkarni, Angel Broking, 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 TVS Motor has given a breakout above the level of Rs 41 with huge volumes. Price has started tagging the upper bollinger band in the daily charts. I recommend a buy with stoploss of Rs 40.75 for targets of Rs 43.50 and 45. Shree Renuka Sugars has given a breakout above the level of Rs 35. It is a monthly high. I recommend a buy with a stoploss of Rs 34 for targets of Rs 37.50 and 38.50.
  Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
My first pick for the day is going long on TVS Motor. The stock has given a declining trend line breakout with good volumes placed on its daily charts. Momentum oscillators on the daily charts continue to trade with a positive bias. Derivative data indicates long build up in the stock. I would recommend traders to go long above Rs 42, with target of Rs 46, maintaining stop loss below Rs 40.
My second pick is going short on LIC Housing Finance. Stock has given head and shoulder pattern breakout with good volumes on its hourly charts. Oscillators on daily as well as intra day chart are trading in negative bias. Derivative data indicates aggressive short build up in the counter in the previous trading session. I would recommend traders to go short in the range of Rs 258-260 with target of Rs 248, maintaining stop loss above Rs 265.

Shardul Kulkarni, Angel Broking
The first stock that we will recommend is a buy call in case of V-Guard. The chart structure of V-Guard suggests a strong consolidation has already taken place and the next impulsive move on the upside should begin in the next 1 or 2 trading sessions. We recommend buying V-Guard in the range of Rs 398-402. Place a stop loss at Rs 383. The potential target over the next 8-10 sessions is at Rs 440.
The second stock that we will recommend is a buy call in case of Shree Renuka Sugars. The chart structure of Renuka sugar suggests a strong trend line breakout. Buy the stock in the range of Rs 34.5-35. Place a stop loss at Rs 33.05. The target over the next 7-8 trading sessions is at Rs 39. 
first published: Sep 20, 2012 08:59 am

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