Super Six stocks you can bet on Dec 21

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

Yesterday Apollo Tyres broke the neckline of head and shoulder pattern with higher volumes which is a bearish sign. So we may see a sharp fall in the stock and stock can test Rs 50. One can go short with a stoploss of Rs 61.

Llast week Bharti Airtel has broken the neckline of head and shoulder pattern and thereafter it was trading in the range of Rs 350 and Rs 330. But yesterday it broke this range downside, so we may see sharp fall and stock can test Rs 307. One can go short with a stoploss of Rs 331.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a sell call on Jubilant Foodworks as in yesterday's trade, stock has broken below the support of Rs 715-720 on good volumes. Look to short the stock at Rs 715-720 and keep a stoploss of Rs 750. It has a target of Rs 650 for the next 2-3 trading sessions.

Sell IDFC once it begins to trade below Rs 100. The stk has been witnessing support in the range of Rs 100-102. I expect the selling pressure to emerge once it trades below Rs 100. Put stoploss of Rs 105 and look for a level of Rs 90.

Vishal Kshatriya, Senior Derivative and Technical Analyst at Edelweiss

Go short on Hindalco Industries. The stock has generated trendline breakdown alongwith good volumes placed on hourly charts. Momentum oscillators on daily and hourly charts continue to trade with a negative bias. I would recommend traders to go short in the range of Rs 120-122 with a target of Rs 112, and keep a stoploss above Rs 126.

Go long on ITC. Yesterday the stock managed to hold and bounce back from its key support of 200 DMA. This indicates there is emerging demand for the stock near its support zone. Momentum oscillators on daily charts continue to trade with a positive bias. Besides this stock can be a good defensive bet in current market scenario and hence recommend going long at current market price with a target of Rs 210 and keep a stoploss of Rs 195.