Bet on super six stocks for March 6

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

Buy HDFC Bank at current price levels for a target of Rs 660 and keep a stoploss below Rs 605

My first pick for the day is going long on HDFC Bank. The stock managed to bounce back from its important support level of 200-day moving average and that too with good volumes. Technical indicators have also given a buy signal. I recommend short term traders to initiate long at current market price with a target price of Rs 660 and maintaining stop loss below Rs 605.

Short IDFC at current price levels for a target of Rs 140 and keep a stoploss above Rs 155

My second pick for the day is going short on IDFC. Short term trend in the stock is negative which is depicted by formation of lower tops and lower bottoms on its daily charts. Yesterday, we have seen a short covering rally and it has also tested its resistance of Rs 150. I expect supply in the stock from current levels and hence recommend going short at current market price with a target price of Rs 140 and stop loss above Rs 155.

Rakesh Gandhi, FRR shares

Buy Ranbaxy with a target of Rs 415 and keep a stoploss of Rs 375

My first pick for the day is Ranbaxy. After sliding very sharply from the level of Rs 500, it has found a buying interest near its long term support of Rs 360. Now it has started making higher highs and higher low pattern indicating that activity is picking up and hence can be bought for a target of Rs 415 with a stop loss of Rs 375.

Buy Bata India with a target of Rs 830 and keep a stoploss of Rs 765

My second pick for the day is Bata. The stock has been drifting sideways in a very small range since January 2013. Recently, it has seen a breakout above its falling trend line indicating that activity has picked up and hence it can be bought for a target of Rs 830 with a stop loss Rs 765.

Shardul Kulkarni, Angel Broking

Buy L&T Finance Holdings at Rs 78-80 with a target of Rs 92 and keep a stoploss 76

The first stock that we would recommend is a buy call with regards to Larsen and Toubro Financial Holdings. The chart structure clearly suggests that stock has been moving in the range of Rs 72 to Rs 92 over the past two months. Going forward, if the broader market trend continues to be positive as it was in yesterday’s trading session, we expect this particular stock to move to the higher end of that range. That’s why we recommend buying Larsen and Toubro Financial Holdings in the range of Rs 78-80. Place a stop loss at Rs 76 and trade bullish for a target of Rs 92 over the next six-eight trading sessions.

Sell  Exide Industries below Rs 125 with a stoploss of Rs 127.50 for a target of Rs 115

The second stock that we will recommend is a sell call with regards to Exide Industries. The charts structure suggests a very strong lower top and lower bottom cycle. Going forward, we expect the stock to move lower to Rs 115 level. Sell the stock in the futures segment below the level of Rs 125. Place a stop loss at Rs 127.50 and trade bearish for a target of Rs 115 over the next six-eight days.