Super Six: Manas, Vishal, Rajesh on their top picks

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Vishal Kshatriya, Sr. Derivative and Technical Analyst, Edelweiss and Rajesh Jain, EVP Reatail Research, Religare Sec 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 Piramal Health has made a good base near to Rs 345 and yesterday it broke the consolidation range of Rs 350-370 with decent volumes. So I think stock can test Rs 410 in next few days. So buy with stoploss of Rs 365. Delta Corp is facing resistance in the range of Rs 77-79. Yesterday it fell sharply. Now I think it can again start its downward journey. So it can test 65. One can go short with stoploss of Rs 74.
  Vishal Kshatriya, Sr. Derivative and Technical Analyst, Edelweiss
Go short on Tata Steel. Yesterday stock has broken its key support of 20 DMA along with good volumes. Momentum oscillators on daily charts have also given a sell signal. I am expecting stock to trade with a negative bias in day to come and hence recommend going short at CMP with a target of Rs 370 and stoploss at Rs 420.
Go short on Reliance Power. Overall trend in counter is bearish which is depicted by formation of lower tops and lower bottoms on its daily charts. Yesterday stock is broken down its key support zone along with good volumes. Open Interest data indicates aggressive short build up in the counter. Recommend going short at CMP with a target of Rs 77 and stoploss at Rs 87.
  Rajesh Jain, EVP Reatail Research, Religare Sec Ranbaxy fell sharply yesterday form its minor support it was holding on. One can short the stock on counter rallies between Rs 430-435 keeping a stop loss of Rs 442 for target of Rs 405 in coming days. Jain Irrigation closed lower from its one month sideways zone which technically is considered bearish. One can short the stock at any counter rally near Rs 117-119 keeping a stoploss of Rs 123 for lower targets of Rs 109.