Super Six stocks you can bet on Jan 03

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 Titan Industries has been moving up from lower levels. Now after a side ways move of last 7 days, it is ready for a break from a flat pattern formation. One can buy at current market price, with a stoploss of Rs 170 and target of Rs 185 plus in coming days.
CNX IT index is moving up strongly. If it has to move up further, then Wipro should also participate in the rally. One can buy at current market price, with stoploss of Rs 390 and target of Rs 410. Arunesh Madan, Founder and Director of Augment Investment Pvt Ltd
Buy ICICI Bank once it begins to trade above the Rs 700 level. The stock has completed 61.8% retraceent of the rise from Rs 641 to Rs 741. In my opinion, the seawave to the upside has started. Look to buy the stock above Rs 700, with a stoploss below Rs 675 and target of Rs 770 in coming days.
Sell Yes Bank. In yesterday's trade, the stock broke below the previous bottom of Rs 332 and closed below that. Look to short once it trades below Rs 230, with a stoploss of Rs 240 and target of Rs 205-210 in coming days. Vishal Kshatriya, Senior Derivative and Technical Analyst, Edelweiss
Go long on Tata Motors. The stock has generated trendline breakout alongwith good volumes placed on its hourly charts. Momentum oscillators on intra-day charts continue to trade with a positive bias. Traders can initiate long between Rs 182-185 with a target of Rs 192 and keep a stoploss below Rs 179.
Go short on Yes Bank. Yesterday the stock has generated trendline breakout alongwith good volumes placed on its weekly charts. Momentum oscillators on daily and weekly chart continue to trade with a negative bias. Besides, this stock continues to trade below short term moving average, indicating momentum in the counter. Traders should go short on any counter rally till Rs 235-238 with a target of Rs 220 and keep a stoploss above Rs 245.