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Super Six trading ideas for the day

On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Shrikant Chouhan, VP Technical Research of Kotak Securities and Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, place their bets on two stocks each, thus offering investors a variety of options to choose from.

October 04, 2011 / 09:45 IST
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On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Shrikant Chouhan, VP Technical Research of Kotak Securities and Sanjeev Agarwal, CEO of Dynamix Research & Capital Management,  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 of chartpundit.com
One can sell Aditya Birla Nuvo. The stock is reflecting weakness with most of the mechanical indicators giving a sell on the daily chart; it also closed below the 55 day exponential moving average, also posted lower top lower bottom scenario on the intraday chart. Its looks like declining further from here. It is an intraday call.
Buy ABB. It has virtually collapsed; there is a first hint of potential turnaround atleast from intraday point of view. One can buy ABB at around Rs 683 with a stop loss of 663 & a target of Rs 723. It is not a short term call & this call would probably be valid for 3-4 trading sessions.
  Shrikant Chouhan, VP Technical Research of Kotak Securities. Crompton Greaves is a sell short. Sell short partly at current levels of Rs 145-146 and balance at Rs 150-151 with a final stop loss at Rs 156 for target of Rs 132 & may be Rs 125 on the lower side. The trend is overall weak & the stock has retraced very less as compared to expectations.
Sell short Century Textile at current levels with a stop loss at Rs 303 on the higher side & we can expect on the lower side Rs 285 & 270 in the near term. The stock has formed very small flag formation on the bearish side.
  Sanjeev Agarwal, CEO of Dynamix Research & Capital Management
We can sell Coal India at current market price of Rs 340 with stop loss above Rs 348 for a target of Rs 325.
We can buy Bharti Airtel above Rs 390 only with a stop loss below Rs 380 for a target of Rs 405.
 
first published: Oct 4, 2011 08:30 am

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