Super Six stocks you can bet on Jan 04

On CNBC-TV18's show Super Six, market gurus Rajesh Jain of Religare Securities, Arunesh Madan of Augment Investment Pvt Ltd  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.

Rajesh Jain, EVP Retail Research, Religare Securities ICICI Bank had a good rally yesterday. If the market has to go up then the stock should also go up. One can buy near its support of Rs 710-715, with a stoploss of Rs 705. A closing above Rs 740 can give more bullishness to the stock. Target for the stock is Rs 758.
From lower levels, Educomp is performing better than the overall market. Yesterday the stock moved higher with good volumes. One can buy near its support of Rs 200 keeping a stoploss of Rs 193 for higher target of Rs 220 in coming days. Arunesh Madan, Founder and Director of Augment Investment Pvt Ltd Axis Bank has retraced 61.8% of the entire rise from 2009. The stock has taken a very strong support in the region of Rs 786-795. Look to buy at Rs 825-835, with a stoploss below Rs 800 and target of Rs 885-890.
I have a buy on Allahabad Bank. The stock has made a rounding bottom and has given a bullish pattern on the candlestick charts. Look to buy at Rs 124-125, with a stoploss below Rs 120 and target of Rs 130-132 in next 2-3 days. Vishal Kshatriya, Senior Derivative and Technical Analyst, Edelweiss
Go long on BHEL. The stock has generated trendline breakout along with good volumes placed on its hourly charts. Momentum oscillators on daily charts have also given a buy signal. Besides this stock has breached and closed above its 20 DMA indicating positive momentum in the counter. Traders can go long at current market price with a target of Rs 265 and keep a stoploss of Rs 242.
Go long on IDFC. Yesterday the stock has formed bullish candlestick pattern alongwith good volumes on its daily charts. Momentum oscillators have also given a buy signal. Open interest data indicates long build up in the counter. Expecting the stock to tarde with a positive bias in days to come, traders can go long at current market price with a target of Rs 102 and keep a stoploss below Rs 95.