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Super Six stocks you can bet on Oct -7-2011

Friday, October 07, 2011

On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Shrikant Chouhan, VP Technical Research of Kotak Securities and Sanjeev Agarwal, CEO of Dynamix Research......

On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Shrikant Chouhan, VP Technical Research of Kotak Securities and Sanjeev Agarwal, CEO of Dynamix Research & Capital Management,  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.

Hemen Kapadia, CEO of chartpundit.com

Sell Aditya Birla Nuvo . It has indicated a significant amount of weakness. It could decline further from here. One can sell it at Rs 882 with a stoploss of Rs 890 and target of Rs 866. It is a short term call valid from an intraday point of view.

Buy ACC . It has given an upward key reversal on the daily charts. Most of the daily mechanical indicators have signaled a buy. One can buy it at Rs 1107 with a stoploss at Rs 1099 and a target of Rs 1123. It is a shorter term call valid from and intraday point of view.

Shrikant Chouhan, VP Technical Research of Kotak Securities

Buy Coal India . After correcting from Rs 420 the stock is near to its important support of Rs 315-320 and we can call it a very good support for this stock. We can trade long at CMP with a stoploss at Rs 310 and target of Rs 355 & 375 on the higher side.

Sell Escort . The stock has formed one rising leg and now its correcting from that particular leg. So we can trade short at current level of Rs 70-71 with a stoploss at Rs 73 and target of Rs 66-62 on the lower side.


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