Super Six stocks you can bet on August 6

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Rajesh Jain, EVP Retail Research, Religare Sec and Rakesh Gandhi, Sr Technical Analyst, LKP, 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.

Manas Jaiswal, Technical Analyst, manasjaiswal.com GAIL has broken the neckline of inverse head and shoulder pattern on the daily charts. So now the stock can test Rs 367 which is the 200 day moving average. One can buy the stock at current levels with a stop loss of Rs 352. Divis Lab is consistently making higher tops and higher bottoms on the daily charts and it has broken the resistance of Rs 1,110. Now the stock can test Rs 1,145 in next 1 or 2 trading sessions. One can buy it with a stop loss of Rs 1,100.
  Rajesh Jain, EVP Retail Research, Religare Sec
Banking stocks have been beaten down quite a lot and a bounce is due. Axis Bank is moving in a sideways zone. One can buy the stock at current price keeping a closing stop loss of Rs 1,040 for higher target of Rs 1,080. Petronet LNG has been consolidating in a sideways zone at higher levels. Now the stock is ready for a breakout on the higher side. One can buy the stock at current price keeping a closing stop loss of Rs 144 for higher target of Rs 154.
Rakesh Gandhi, Sr Technical Analyst, LKP OnMobile Global has managed to cross its 8-week high and it has also seen a good volume while it saw a breakout above Rs 40 level which was a critical resistance since last 8 weeks. I believe the stock could see levels of around Rs 46 in next maybe 1 or 2 weeks and hence can be bought with a stop loss of Rs 38.75.
My second pick for the day is PNB. After the announcement of results the stock saw a very sharp decline, but in last week it did not break the low formed on the day of result. Last week it has formed a higher highs higher low pattern on a closing basis and on hourly charts volumes are also indicating that stock could see further higher levels. For a very short-term that is for next 2-3 days stock can be bought for a target of Rs 770 with a stop loss of Rs 725.