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On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Rajeev Agarwal of dynamixresearch.in and Aditya Agarwal of Way2Wealth Securities, 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 Broking
Buy Siemens . The momentum oscillator on the daily chart has given a positive crossover and on the price patterns we are seeing that there is a clear trend line breakout on the daily charts. We recommend buying the stock above the level of Rs 578, place a stop loss at Rs 560 and trade bullish for a target of Rs 605 over the next three-five trading sessions.
Sell ICICI Bank on the July Futures contract. We are seeing that there is a strong lower top lower bottom cycle on the daily charts despite the market moving higher. Going forward the momentum oscillators indicate probability of a downside in the near future. So sell it in the range of Rs 1070-1078, place a stop loss at Rs 1094 and trade bearish for a target of Rs 1025 over the next six-eight trading sessions.
Rajeev Agarwal of dynamixresearch.in
One can buy Aurobindo Pharma in the range of Rs 183-181 with a stop loss below Rs 175 on closing basis. My initial target is around Rs 192 and next logical target is around Rs 200.
Sell Tata Chemicals . After breaking a strong support of Rs 298, it is now giving pullback towards that level. So one can attempt shorts in the range of Rs 295-298 with a stop loss above Rs 311 on closing basis. My initial target is around Rs 278 and next logical target is Rs 261.
Aditya Agarwal of Way2Wealth Securities
Buy Power Finance Corporation ( PFC ). This stock has seen a beating in last couple of weeks, but on lower side the stock has a very strong support in the range of Rs 132-134 levels and from those levels we have seen very good bounce back in last two trading sessions. On weekly chart also it has made a hammer pattern which is a bullish pattern. So from these levels we are expecting a short covering rally in PFC, which may take the stock towards Rs 155-160 in short-term. So for a view of three four trading sessions, one can initiate a long position in PFC keeping a stop loss of Rs 140 and on higher side target will be Rs 155-160.
On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Rajeev Agarwal of dynamixresearch.in and Aditya Agarwal of Way2Wealth Securities, 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 Broking
Buy Siemens . The momentum oscillator on the daily chart has given a positive crossover and on the price patterns we are seeing that there is a clear trend line breakout on the daily charts. We recommend buying the stock above the level of Rs 578, place a stop loss at Rs 560 and trade bullish for a target of Rs 605 over the next three-five trading sessions.
Sell ICICI Bank on the July Futures contract. We are seeing that there is a strong lower top lower bottom cycle on the daily charts despite the market moving higher. Going forward the momentum oscillators indicate probability of a downside in the near future. So sell it in the range of Rs 1070-1078, place a stop loss at Rs 1094 and trade bearish for a target of Rs 1025 over the next six-eight trading sessions.
Rajeev Agarwal of dynamixresearch.in
One can buy Aurobindo Pharma in the range of Rs 183-181 with a stop loss below Rs 175 on closing basis. My initial target is around Rs 192 and next logical target is around Rs 200.
Sell Tata Chemicals . After breaking a strong support of Rs 298, it is now giving pullback towards that level. So one can attempt shorts in the range of Rs 295-298 with a stop loss above Rs 311 on closing basis. My initial target is around Rs 278 and next logical target is Rs 261.
Aditya Agarwal of Way2Wealth Securities
Buy Power Finance Corporation ( PFC ). This stock has seen a beating in last couple of weeks, but on lower side the stock has a very strong support in the range of Rs 132-134 levels and from those levels we have seen very good bounce back in last two trading sessions. On weekly chart also it has made a hammer pattern which is a bullish pattern. So from these levels we are expecting a short covering rally in PFC, which may take the stock towards Rs 155-160 in short-term. So for a view of three four trading sessions, one can initiate a long position in PFC keeping a stop loss of Rs 140 and on higher side target will be Rs 155-160.
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
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