Super Six stocks you can bet on August 12

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Vishal Kshatriya of Edelweiss and Nooresh Merani of AMSEC Research, 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 of manasjaiswal.com Tata Motors is facing a lot of resistance on higher levels. On Thursday it fell sharply and closed below the 200 day moving average (DMA). So we may see some more selling pressure in the coming days. Stock can test Rs 265 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 285.
Colgate Palmolive (India) has made a morning star pattern on daily chart and on the weekly chart it has made a hammer pattern. So we may see a recovery. This stock can test Rs 1,350 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 1,275. Vishal Kshatriya of Edetweiss
My first pick for the day is going long on Zee Entertainment Enterprises. Overall trend in the stock is positive, which is depicted by formation of higher tops and higher bottoms on its daily chart. Currently, the stock is trading near its important support of Rs 235 and expect stock to bounce back from current levels. I recommend going long at current market price with a target price of Rs 255 and Rs 260, maintain stop loss below Rs 230.
My second pick for the day is going short on Union Bank of India. Overall trend in a stock is negative, which is depicted by formation of lower tops and lower bottoms on its daily chart. Last week’s derivative data indicates aggressive short build up in a stock. Currently, the stock is trading near its important resistance of Rs 125. I expect supply in a stock from current levels and recommend going short in a range of Rs 120-123 with a target price of Rs 112, maintain stop loss above Rs 128. Nooresh Merani of AMSEC Research
My first stock call is a buy on Biocon with a target price of Rs 360 and a stop loss at Rs 320. The stock has given a cup and handle breakout, which gives us a target of around Rs 400 in the short-term to medium-term. This is a major breakout and every dip should be used to buy. We expect the stock to outperform over the next one-two months in a big way.
My second stock call is a buy on Bharti Airtel with a target price of Rs 350 and a stop loss at Rs 330. This is a stock, which has been in a range for a very long time and has contracted in a triangle. The triangle breakout came around Rs 320 levels. After moving upto Rs 355, the stock retested the same levels. We expect the stock to turn from here and head up towards Rs 360 to Rs 400 in the medium-term.