Super Six stocks you can bet on September 16

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss Securities, Manas Jaiswal of manasjaiwal.com and Manav Chopra of Nirmal Bang, 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 of Edelweiss Securities
My first pick for the day is going short on Tata Steel. The stock has formed a bearish candle pattern on its daily chart. Besides this, stock has reversed exactly from its 200 day moving average (DMA) resistance which clearly indicates supply in stock at higher levels. I recommend traders to go short in a range of Rs 300 and 305 with a target price of Rs 280 and stop loss above Rs 313.
My second pick for the day is going long on Dena Bank. We have seen aggressive long build up in a stock in previous trading sessions. Technical oscillators are also trading with a positive bias. Traders can initiate long at current market price with the target price of Rs 56, maintain stop loss below Rs 48.50.
Manas Jaiswal of manasjaiwal.com Shree Renuka Sugars has made a strong base near Rs 15. On Friday it has broken its resistance of Rs 18 with higher volumes. So we may see further recovery. The stock can test Rs 20 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 17.50. GMR Infrastructure is making higher tops and higher bottoms on a daily chart. Yesterday, it has broken its 200 day moving average, so we may see further up move. The stock can test Rs 21 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 18.
Manav Chopra of Nirmal Bang
My first pick is on Dish TV. The stock after a sharp decline has bounced from its oversold territory and the recent rise has accompanied by above average volumes. The stock is also currently trading above the short-term averages, which is a positive signal. It has a very strong support at Rs 46 on the downside. One can maintain a buy with a stop loss of Rs 45 for an upside target of Rs 50.
My next call is on Jindal Steel & Power. The stock has formed a probable head and shoulder pattern and with positive divergence on the momentum indicators suggesting limited downside on the current levels. One can maintain a buy, keep a stop loss of Rs 230 for an upside target of Rs 270.