Super Six short term picks for April 10

On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni Angel Broking, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, Vibrant Trades share, 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.

Shardul Kulkarni, Angel Broking

Sell Aurobindo Pharma. The chart structure is a good strong lower top lower bottom cycle and going forward we expect further downside in case of this particular counter. Thus we recommend selling Aurobindo Pharma April Futures below the levels of Rs 157 and place a stop loss at Rs 161 and trade bearish for a target of Rs 145 over the next six-eight trading sessions.

Sell Future Retail. It has been underperforming in a huge way and whenever the market corrects the stock has been an extremely good short. Thus going forward we recommend Future Retail as a short candidate. Sell below the levels of Rs 149 on April Futures contract, Rs 153 would be the stop loss and the target on lower side is expected to be Rs 140 or lower.

Rajeev Agarwal, dynamixresearch.in

Buy Asian Paints as we have seen that it outperformed the Nifty quite strongly. However, now it is giving pullback near its 100 day moving average. So one can buy it here and keep a stop loss below Rs 4450 on closing basis. My initial target is Rs 4670 and next target is Rs 4800.

Sell Ultratech Cement. As cement sector is showing weakness and Ultratech Cement has also broken its strong support of Rs 1825, so one can sell it around Rs 1820 with a stop loss above Rs 1870. My initial target is Rs 1765 and next logical target is Rs 1715 in short-term.

Vikrant Jadeja, Vibrant Trades

On daily charts of Bajaj Auto we have observed a doji formation of candlesticks after a good amount of decline for the last few trading sessions which indicates that some kind of positive reversal is expected in this counter in coming sessions. Buy Bajaj Auto at current market price with stop loss of Rs 1680 and expect a target of Rs 1740 for the next two-three trading sessions.

Rural Electrification Corporation (REC) has managed to hold on its levels despite of heavy selling in the market which indicates the strength of the counter and we may see certain kind of higher levels in this counter in coming sessions. Buy REC at current market price with a stop loss of Rs 210 and expect a target of Rs 220 in next one-two trading sessions.