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6 stock ideas to liven up your trade

Vikrant Jadeja of Vibrant Trades advises buying Coal India with a target of Rs 276 and Aditya Birla Nuvo with a target of Rs 1250.

November 29, 2013 / 10:05 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Shrikant Chouhan of Kotak Securities and Vikrant Jadeja of Vibrant Trades share, 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.

Vishal Malkan, malkansview.com
I have a buy call on Jindal Steel & Power (JSPL). It has shown good momentum yesterday with huge volumes on daily charts crossing an important resistance of Rs 255; price has started tagging the upper Bollinger band on intraday charts. I recommend a buy with a stop of Rs 252 for targets of Rs 262 and 265.
I have a buy call on Mahindra and Mahindra (M&M). It has been forming higher tops and higher bottoms. It has managed to close above the important resistance of Rs 950. I recommend a buy with a stop of Rs 945 for target of Rs 980 and Rs 990.
Shrikant Chouhan, Kotak Securities
I have a buy call on Maruti Suzuki India. It is one of the most outperforming stocks of the Nifty basket and it closed above its trading range of last ten days at Rs 1,616. Therefore, it is a breakout buy at current levels with a price target of Rs 1,745 on the higher side and stop loss at Rs 1,630 on the downside.
I have a buy call on Zee Entertainment Enterprises. The stock is diverging positively on daily charts. So, with a minimal stop loss at Rs 245, we can trade long at current levels for the target of Rs 270-271 on the higher side.
Vikrant Jadeja, Vibrant Trades
Since last one or two weeks we have seen a continuous downtrend in Coal India on daily charts but looking at the higher timeframe intraday charts, it is visible that from the current levels it is very much likely that the stock may see some kind of upside reversal and we may see a short-term rate of Rs 276 in this counter. So, one can accumulate the stock at current market price with a stop loss of Rs 265 on closing basis.
Due to expiry session in last trading session we have seen good momentum since last few minutes of last trading session on the upside, which indicates that technically also we may see a continuation of this upmove and the rate of Rs 1,250 could not be ruled out on the upside. One can accumulate Aditya Birla Nuvo at current market price with a stop loss of Rs 1,190 on closing basis for the long positions.
first published: Nov 29, 2013 08:38 am

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