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Super Six: Top chart picks for today

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 04, 2011 / 11:03 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
The first stock that I would like to recommend is PFC. One can buy PFC at around Rs 190 with a stop loss of Rs 185 and a target of Rs 200. This is a slightly shorter term call, so the validity of this call would probably be 4-5 trading sessions.
The second stock that I would like to recommend is Crompton Greaves; infact the stock has been showing significant technical resilience. One can buy it at around Rs 264 with a stop loss of Rs 259 and a target of Rs 274. This is probably a shorter term call, so the validity of this recommendation would probably be 5 trading sessions.
  Hemant Thukral, SBI Capital Securities
First stock for the day is in real estate i.e. HDIL. Now what we are expecting in the immediate short term is stock can head towards Rs 175-178 mark but traders do need to keep a tight stoploss of Rs 157-158 on the counters.
Second stock for the day would be Lanco Infra, another stock which was beaten down in the last series. The stock has managed to cross Rs 23.50. Now what we feel is that traders should keep a stop loss of Rs 23.50 and ride the rally. We expect a target of Rs 26-27 in the immediate short term.
  Arunesh Madan, Augment Investment
My first midcap idea of the day is Central Bank of India. Going forward I expect the stock to trade to a level of Rs135 & 150. A stop loss can be placed around Rs 118 level.
My second trading idea of the day is MOIL. It is a low cost producer of manganese ore in India. The stock can be bought closer to a level of Rs 330 for a target of Rs 345 keeping a stop loss below Rs 327.
first published: Jul 4, 2011 08:24 am

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