Super Six stocks you can bet on Dec 22

On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment, Manas Jaiswal of www.manasjaiswal.com 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.

Manas Jaiswal, Technical Analyst of www.manasjaiswal.com

Sobha Developers has broken the support of Rs 212 with higher volumes. It has support at Rs 200 but the pattern is such that it can break that support also and can test February 2011 low of Rs 184. Go short with a stoploss of Rs 218.

For last 10 months, Ashok Leyland was trading in the range of Rs 28-22 and now it has broken that support and started trading below Rs 22. So we may see a sharp fall and stock can test Rs 18. One can go short with stoploss of Rs 22.50.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a buy on Axis Bank. One can look to buy at Rs 845-850, with stoploss below Rs 810 and target of Rs 895-900.

I have a buy on Tata Steel. Though the stock made a fresh 1-year low yesterday, the stock rebounded very sharply in the dying minutes of trade. There is a positive divergence on the RSI indiactors. Look to buy at Rs 345-350, with stoploss below Rs 340 and target of Rs 365-370.

Vishal Kshatriya, Senior Derivative and Technical Analyst at Edelweiss

Go long on Bharti Airtel. The stock has generated inverse head and shoulder breakout alongwith good volumes placed on its hourly charts. Momentum oscillators on daily and hourly charts have given a buy signal. I am expecting stock to trade with positive bias. Traders can go long in the range of Rs 338-342. Keep a stoploss below Rs 330 and it has a target of Rs 355.

Go short on Crompton Greaves. Yesterday stock has broken its key support along with good volumes. Besides this stock made fresh 52-week low. Momentum oscillators on daily charts continue to trade with a negative bias. Open Interest data indicates aggressive short build up in the counter. The stock can be sold at current market price with a target of Rs 102 and stoploss at Rs 114.