6 trading bets that can fetch you handsome returns

Written By Unknown on Selasa, 01 Januari 2013 | 10.54

On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Arunesh Madan of Augment Investment and Vishal Kshatriya of Edelweiss, 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 of malkansview.com

First pick is DLF . It has formed a bullish candlestick pattern on daily chart. Hourly momentum is bullish. I recommend a buy with a stop loss of Rs 226 and target of Rs 235-240.

Second pick is GMR Infrastructure . It has shown a bullish candlestick pattern on daily chart. Price has started tagging the upper bollinger band on hourly charts. I recommend a buy with a stop loss of Rs 19 for targets of Rs 20-20.50.

Arunesh Madan of Augment Investment

First pick is Punjab National Bank (PNB). It has given a very good breakout above level of Rs 862 in yesterday's trade on the back of very good volumes. The stock has a minor resistance closer to a level of Rs 875-876. Buy PNB once it begins to trade above the Rs 876 levels keeping a stop loss below the Rs 864 levels on a closing basis and we can expect a target of Rs 900-920.

Second pick is ICICI Bank . It has multiple resistances in the range of Rs 1155-1158 and the stock has not been able to trade above this level. Look to short this stock in the region of Rs 1145-1150 keeping a strict stop loss above Rs 1160 levels on closing basis and going forward we can expect a target of Rs 1120-1100.


Vishal Kshatriya of Edelweiss

First pick is long on Financial Technologies . The stock has given a trend line breakout with good volumes on its hourly charts. Technical indicators on daily chart are also trading with a positive bias. Open interest date indicates long buildup in the stock in previous trading sessions. I would recommend traders to go long at current market price with a first target of Rs 1200 and a final target of Rs 1230 maintaining stop loss below Rs 1080.

Second pick is long on DLF . Stock has given a breakout of its key resistance level with good volumes in previous trading session. Open interest data also indicates long buildup in the stock. I expect counter to trade with a positive bias and hence recommend going long at current market price with a first target of Rs 245 and a final target of Rs 250 maintaining stop loss at Rs 222.



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