Super Six: Top chart picks for today

On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment, Nooresh Mirani, AMSEC and Vishal B Malkan, CMT, www.malkansview.com, 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.

Arunesh Madan, Founder and Director of Augment Investment I have sell call on Wipro as I believe the stock has completed 50% retracement of recent fall from a level of Rs 500 to 315. On Friday we had an inside day on the candlestick chart indicating a pause in the current bullish trend. Look to short it closer to Rs 408-410 with a stoploss above Rs 420 and target of Rs 390 and 378 should be achieved during this week. I have a buy call on Idea. The stock has seen a one way fall from Rs 98 to 83.50. On Fridays trading session the stock had a dojee formation on candlestick charts indicating a halt on the current downtrend. Look to buy in the range of Rs 86-86.50. Keep stoploss below Rs 83 and target of Rs 91 in next 2 days.   Vishal B Malkan, CMT, www.malkansview.com Piramal Healthcare has given a breakout on Friday with string close above resistance of Rs 375. I recommend a buy with stoploss of Rs 374 and target of Rs 396 & 410. Coal India has given a strong close on Friday with a bullish candlestick pattern on the gap. I recommend a buy with a stoploss of Rs 308 for targets of Rs 330 and 342.   Nooresh Mirani, AMSEC
Buy Stride Arcolab with target of Rs 460 and stoploss of 410. The stock is on verge of a major breakout once it starts trading above Rs 430. One can expect a lot of momentum into the stock at current level once it closes above Rs 430. Buy Piramal Healthcare with target of Rs 400 and stoploss of Rs 365. The stock has been in a range of Rs 340-380 for sometime now. I expect the stock to breakout in next few days and move to Rs 400 as short term target and Rs 420-430 in medium term.