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Super Six trading picks for the day

On CNBC-TV18's in Super Six show, market gurus Shardul Kulkarni, Sr Technical Analyst of Angel Broking, Rajesh Jain, EVP Retail Research, Religare Sec and Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, place their bets on two stocks each, thus offering investors a variety of options to choose from.

September 15, 2011 / 10:02 IST
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On CNBC-TV18's in Super Six show, market gurus Shardul Kulkarni, Sr Technical Analyst of Angel Broking, Rajesh Jain, EVP Retail Research, Religare Sec and Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, 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.


Shardul Kulkarni, Sr Technical Analyst of Angel Broking
On the daily charts we have seen Aptech has formed a rising candlestick pattern and going forward we expect the positive momentum to be carried forward in next few trading sessions. Thus we recommend buying Aptech in the current market price of around Rs 129-132. Stoploss should be placed at Rs 124, the target price in the next 5-8 trading sessions is at Rs 145.
One can go short on the Sept Future of Sesa Goa. The shorting range is between Rs 223-224. Stop loss should be placed at Rs 226.5 and the target for the day would be Rs 215.
  Rajesh Jain, EVP Retail Research, Religare Sec Hexaware Technologies has performed better than other stocks in the last few months; the stock went up sharply on Wednesday from its support levels. One can buy it near Rs 75 keeping a stop loss of Rs 73 for target of Rs 81. Mahindra and Mahindra has been outperforming  the markets and its peer group for the last many days, yesterday also the stock went up on very heavy volumes. One can buy the stock keeping the stoploss of Rs 780 for higher targets of Rs 820.
  Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss
I have a long call on Hindalco Industries. It has generated declining trend line breakout along with good volumes placed on its hourly chart. Besides this momentum oscillators on intraday chart continue trade with a positive bias. Go long with target price of Rs 152 maintain stop loss below Rs 140.
I have a short call on Sesa Goa. It has generated declining trend line breakdown along with good volumes placed on its hourly chart, besides this momentum oscillators on daily chart have generated bearish signal. Yesterday the stock has exactly reverted from its 20 DMA; this indicates supply in the stock at higher levels. Go short in the range of Rs 221-223 with target price of Rs 209 maintain stoploss above Rs 230.
 
first published: Sep 15, 2011 08:20 am

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