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Super Six short term picks for April 3

On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, place their bets on two stocks each, thus offering investors a variety of options to choose from.

April 03, 2012 / 09:18 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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.


Hemen Kapadia, CEO, chartpundit.com

ABG Shipyard is a buy call. The stock has given a breakout on the intraday charts, the mechanical indicators on the intraday charts are also supporting the moves. One can buy ABG Shipyard around Rs 386 with stop loss of Rs 382 and target of Rs 394. The shorter term call valid more from an intraday point of view.

Adani Enterprises is a sell call. The stock has reflected weakness by giving a sell on the intraday charts; most of the mechanical indicators have done that after reflecting some of amount of negative divergence indicating the possibility of a further downside. One can sell Adani Enterprises at around Rs 308 with a stop loss of Rs 312 and target of Rs 300. It

first published: Apr 3, 2012 08:23 am

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