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4 trading stocks for short term gain

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

February 14, 2012 / 09:04 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss and Vishal B Malkan, CMT, www.malkansview.com 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 Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
My first pick is going long on Crompton Greaves. The stock has broken its 6 months trend and resistance along with good volumes placed on its daily charts. Momentum oscillators on daily as well as intraday charts have given a buy signal. I am expecting stock to trade with a positive bias in days to come. Traders can go long in the range of Rs 154-158 with a target of Rs 170 and stoploss at Rs 148.
My second pick is going long on Hindalco Industries. It has multiple support in the range of Rs 148-150. Yesterday after making low of RS 150, stock bounced back sharply along with good volumes. This indicates emerging demand for the stock at lower levels. I recommend traders to go long at Rs 154-156 with a target of Rs 165 and stoploss at Rs 148.
  Vishal B Malkan, CMT, www.malkansview.com
My first pick is Exide Ind. It has been showing good signs on intraday charts on volumes as well as pattern. I recommend a buy with a stoploss of Rs 135 and target of Rs 141 & 144.
My second pick is PFC. After a halt on Friday it has resumed its upside yesterday with big candles and volumes. I recommend a buy with stoploss of Rs 195 target of Rs 204 and 208.
first published: Feb 14, 2012 08:47 am

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