On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Meghna Malkan of malkansview.com and Hemen Kapadia of chartpundit.com 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.
Shardul Kulkarni of Angel BrokingI have a sell call on Century Textiles and Industries. For Century Rs 270-274 band in case of October Futures contract is a strong supply zone also the daily chart shows a bearish engulfing pattern thus we recommend selling Century Textiles October Futures with a stop loss of Rs 274.5 for a target of Rs 248 over the next three-four trading sessions.
I have a sell call on Asian Paints October Futures. The daily chart shows a clear evening star pattern as well as the momentum oscillators on the daily chart suggests downside over the next four-six trading sessions. We recommend selling Asian Paints October Futures with a stop loss of Rs 484 for a target of Rs 440 over the next three-four trading sessions.
Meghna Malkan of malkansview.com
I have a sell call on DLF. It has formed two indecisive candlestick patterns on daily charts. The momentum too has halted at a bullish resistance zone. So, I recommend a sell with a stop of Rs 156.5 for targets of Rs 149 and Rs 146.
I have a buy call on Hero Motocorp. It has given a good close yesterday at the highs. Momentum too on daily and intraday chart has given a good breakout. So, I would recommend a buy with a stop of Rs 2,080 for higher target of Rs 2,135 and Rs 2,150.
Hemen Kapadia of chartpundit.com Power Finance Corporation (PFC) has reflected weakness on the intraday chart; in fact it has given a downward breakout on the intraday chart. The mechanical indicators have also signaled a sell indicating its intention to depreciate further from here. One can sell PFC at a closing of Rs 134 with a stop loss of Rs 137 and a target of Rs 128.
I have a buy call on ACC. It has reflected strength by giving an upward bar reversal on the daily chart with significantly higher volume and needless to say that the daily chart is also looking good. One can buy ACC at closing at around Rs 1,154 with a stop loss of Rs 1,146 and target of Rs 1,170.
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