Super Six short term picks for today

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vishal Kshatriya, Senior Derivative and Technical Analyst at Edelweiss and Rajesh Jain of Religare Securities, 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

My first pick is LIC Housing. The stock is taking support near to 200 DMA for last two months. Now it is ready to give a triangular break out. So one can buy it with a stoploss of Rs 229 and a target of Rs 244.

My second pick is Adani Enterprises. It has made a good bottom near to Rs 295 and Rs 300. On the weekly chart it made a hammer pattern, so now it can correct its recent fall and can test Rs 400. so one cane buy with a stoploss of Rs 319.

Vishal Kshatriya, Senior Derivative and Technical Analyst at Edelweiss

My first pick for the day is going long on Hindustan Zinc. The stock has generated channel pattern breakout along with good volumes. Momentum oscillators on daily charts continue to trade with a positive bias. So one can go long at current market price with a target of Rs 135 and keep a stoploss below Rs 120.

My second pick for the day is going long on Chambal Fertiliser. The stock has generated trendline breakout along with good volumes. Momentum oscillators on daily charts have also given a buy signal. Besides this, stock continues to trade above its short term moving averages. I recommend going long on stock at current market price with a target of Rs 101 and keep a stoploss below Rs 90.

Rajesh Jain, EVP Retail Research, Religare Securities

Sun Pharma gave a highest closing. It means that the stock is in very strong hands. One can accumulate the stock between its support of Rs 520-530, keeping a stoploss of Rs 515 for higher levels of Rs 560+ in coming days.

Chambal Fertiliser has a lot of support between Rs 88-90, where one can accumulate the stock keeping a closing stoploss of below Rs 88 for higher target of Rs 98-100 in coming days.