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Super Six stocks you can bet on July 8

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Hemant Thukral of SBI Capital Securities and Arunesh Madan of Augment Investment, place their bets on two stocks each, thus offering investors a variety of options to choose from.

July 08, 2011 / 11:40 IST
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On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Hemant Thukral of SBI Capital Securities and Arunesh Madan of Augment Investment, 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, chartpundit.com
One can buy Cipla at around Rs 334 with a stop loss of RS 330 and a target of Rs 342. This would probably be valid for 2 trading sessions. This is a shorter term call. ABG shipyard has given an upward bar reversal on significantly higher volumes indicating a short term reversal, which is obviously a bullish signal. One can buy it at around Rs 380 with a stop loss of Rs 375 and a target of Rs 390.
  Hemant Thukral, SBI Capital Securities
We are recommending to buy a midcap stock Sintex Ind. Now what we have noticed yesterday, the stock has given a fresh breakout above Rs 183 levels. There are huge short positions, which are still pending in the system which can lead to a sharp rally in coming few trading session to Rs 196-200 levels. But traders going long have to keep a stop loss of around Rs 178-179 where Sintex has seen lot of consolidation before giving a fresh breakout. Allahabad Bank has given a fresh breakout above Rs 203 levels which was acting as a resistance due to multiple tops present there. We see an immediate target of Rs 215-216 on the counter. But traders going long on it have to keep a stop loss of around Rs 196-197 below which Allahabad Bank go seriously weak.
  Arunesh Madan, Augment Investment
I have a buy call strategy on Exide Industries. The stock has managed to close above the psychological resistance level of Rs 170 on decent volumes. The stock can be bought at the current levels for the target price of Rs 179-185 with a strict stop loss being placed below the Rs 160 levels.
I have a sell call strategy on LIC Housing Finance. The stock is showing signs of tiredness close to a level of Rs 240-250.  The stock can be shot at around the current levels with a stop loss being placed at above the Rs 230 levels for a target of Rs 200.
first published: Jul 8, 2011 08:14 am

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