Super Six stocks you can bet on Jan 02

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 Kotak Mahindra Bank was one of the few banking stocks, which was holding on when other banking stocks were falling. But on Friday the stock fell sharply. One can see the stock at any counter rally of its resistance of Rs 440-445, with a stoploss of Rs 450 and target of Rs 418 in coming days. Oil India has broken out of a symmetrical triangle and has closed higher on Friday when entire market was taking a fall. One can buy at Rs 1180, with a stoploss of Rs 1,160 for higher target of Rs 1,220. Arunesh Madan, Founder and Director of Augment Investment Pvt Ltd
I have a buy on SBI. The stock has formed an engulfing bullish pattern on the daily candlestick charts on Thursday. The stock has a very string support in the region of Rs 1570-1585. Buy SBI at Rs 1600-1610, with stoploss below Rs 1,570 and target of Rs 1,675-1,690 during this week.
I have a sell call on Bharti Airtel. The stock continues to trade below the neckline of the head and shoulder pattern. We will use the current strength in the stock to build short positions. I advised going short on Bharti Airtel in the region of Rs 345-350, with a stoploss above Rs 360 and with target Rs 320-325 in coming days. Vishal Kshatriya, Senior Derivative and Technical Analyst, Edelweiss
Go short on DLF. The stock has breached and closed below its support zone along with good volumes. Mmentum oscillators on daily charts continue to trade with a negative bias. Open interest indicates aggressive short build up. Go short on DLF at Rs 182-184, with a target of Rs 170 and keep stoploss above Rs 190.
Go short on Tata Steel. The stock has breached and closed below its support zone along with good volumes. The stock continues to trade below short term moving averages, which is a negative sign. Momentum oscillators on daily charts continue to trade with a negative bias. Go short on Tata Steel at Rs 335-340, with target of Rs 305 and keep stoploss above Rs 355.