Super Six trading ideas for the day

On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Parag Doctor of Motilal Oswal Securities and Rakesh Gandhi, Sr Technical Analyst of LKP 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

I have a sell on Rel Infra. The stock is looking weak. It has also given a downward breakout on the hourly charts. One can sell it at Rs 458 with a stop loss of Rs 463 and target of Rs 448. This would be a shorter term call valid for a day or two.

Sell Sintex Industries. A progressive lower top lower bottom scenario with protracted weakness by the mechanical indicators and a breach of a demand line also. One can sell at RS 147, the stop loss of Rs 150 and target of Rs 141. It is a short term call valid for a day.

 

Parag Doctor, Motilal Oswal Securities

We at Motilal Oswal securities would like to recommend to buy NIIT Tech. The stock has crossed a 200 day average and is showing strength on the charts. Stock is expected to move up to Rs 220 levels with the stop loss being at Rs 185.

Buy Sanghvi Movers. This stock has been accumulating for several months between Rs 115-125 levels. The stock is expected to move upto the Rs 140 levels, which is where the 200 day average is placed. The stop loss for the trade would be around Rs 115.

 

Rakesh Gandhi, Sr Technical Analyst, LKP

DCB has been consolidating above Rs 56 and after breaking down from a symetrical triangle. Below 56 level it has been trading in a very short range. Now the stock has once again caught up in a downward momentum and I think one can short the stock for a target of Rs 45 and stop loss of Rs 52.

I would like to buy Jubilant Food as it has been falling from the level of Rs 960 to the level of Rs 711 and that was a very sharp fall. Now it has once again gained an upward trajectory and in a short term chart i.e. hourly chart is showing higher highs and higher lows. I feel it could go upto Rs 950 and one can buy with a stop loss of Rs 875.