Super Six stocks that you can bet on today

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Edelweiss, Shardul Kulkarni, Angel Broking and Rakesh Gandhi, FRR shares, 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.

Vishal Kshatriya, Edelweiss

My first pick for the day is going short on Maruti Suzuki. Short-term trend in the stock is negative. After strong short covering rally, currently stock is trading near its resistance area. I am expecting supply in this stock from current level and hence recommend going short in a range of Rs 1,430 to Rs 1,440 with a target price of Rs 1,350 with a stop loss of Rs 1,490.

My second pick for the day is going short on Steel Authority of India (SAIL). This stock has strong resistance near Rs 72-73 levels. Technical indicators on intraday charts are already trading in an overbought zone. Stock could test Rs 65 levels in days to come and hence recommend going short at current market price with the target price of Rs 65 and a stop loss above Rs 74.

 

Shardul Kulkarni, Angel Broking

The first stock that we recommend is a sell call with regards to Yes Bank. The chart structure is good, strong lower top-lower bottom cycle and in Tuesday’s trading session we believe that the next leg of the downturn has started. Sell the stock near Rs 485 on the Yes Bank March futures, place a stop loss at Rs 491 and trade bearish for a target of Rs 468 over the next six-eight trading sessions.

The second stock that we recommend is a buy call with regards to Oil and Natural Gas Corporation (ONGC). The stock has been doing well over the past few trading sessions and is about to get into a higher top-higher bottom cycle on the daily chart. Buy the stock only above Rs 323 in the cash segment, place a stop loss at Rs 318 and trade bullish for a target of Rs 330 over the next two-three trading sessions.

Rakesh Gandhi, FRR shares

My first pick for the day is Talwalkars Better value Fitness. Based of short-term charts perspective stock is showing a building upward momentum. Considering the sharp decline from the level of Rs 220 to Rs 150, stock is likely to recover some of the losses and hence a buy call for a target of Rs 180 with a stop loss of Rs 158.

My second pick for the day is buy Bombay Dyeing. After a sharp decline from Rs 140, for the first time this stock is showing some signs of stability. It is also showing signs of upward momentum as the volumes have picked up. Because the short-term moving average is on hourly charts have crossed over long-term moving average, it can be bought for a short-term perspective of Rs 108 with a stop loss of Rs 94.