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6 trading stocks for short term gain

Aditya Agarwal of Way2Wealth Securities is of the view that one may sell State Bank of India with a target of Rs 222-220.

December 11, 2015 / 13:28 IST
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On CNBC-TV18's show Super Six, market gurus Ashish Kyal, Gaurav Ratnaparkhi and Aditya Agarwal, 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.Ashish Kyal of wavesstrategy.comThe first stock pick for today is going to be Apollo Hospitals Enterprises. This stock has shown some smart recovery from the lower levels around Rs 1,200 and we can see a very clear higher high and higher low formation on an hourly skill. So one can buy Apollo Hospital with a stoploss of Rs 1,350 and the target can be expected around Rs 1,470 on upside.The next stock is going to be sell on Glenmark Pharma. This stock has failed to show any kind of relief rally on upside and it has continued to move lower. It closed near the day's low in the previous session and also the momentum is strong and there seems to be more room left on the downside. So one can short Glenmark with a stoploss of Rs 900 and the target can be expected at Rs 800.Gaurav Ratnaparkhi of SharekhanI have a buy call on SKS Microfinance. The stock is moving up along with the rising trendline. In the last session, it has taken support near the trendline and has jumped up sharply. The key daily moving averages are there to provide support to the counter. Short-term and medium-term momentum indicators are in bullish mode. The stock is expecting to start a fresh rally, from a trading perspective stoploss maybe placed at Rs 440 and target will be Rs 474.LIC Housing Finance has formed a sideways correction in last few weeks and has taken support near its crucial weekly moving averages. In terms of price pattern, the consolidation is appearing as a bullish flat pattern on the daily chart. To complete the correction, the stock has formed a bullish outside bar in the last session. This is a good level to buy the stock from short-term perspective. The stoploss can be placed at Rs 454 and target will be Rs 489.Aditya Agarwal of Way2Wealth SecuritiesFirst call for the day will be a buy call in Tata Steel. It has retraced almost 61.8 percent of the recent rally, which started from Rs 210-250 levels. At current levels, one may go long in Tata Steel keeping a stoploss of Rs 226 and on the higher side target will be Rs 246.Second call will be a sell call in State Bank of India (SBI). On daily chart, the stock is making head and shoulder pattern and the breakdown of the same will come below Rs 232 levels. We are recommending a sell call below Rs 232. On lower side, target will be Rs 220 and stoploss will be Rs 237.

first published: Dec 11, 2015 08:51 am

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