Super Six stocks you can bet on October 7

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vishal Kshatriya of Edelweiss Securities and Pritesh Mehta of IIFL, 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 United Phosphorous has made strong base near Rs 130 and bounced back sharply. On Friday it has broken its resistance of Rs 152 with higher volumes, so we may see further recover. The stock can test Rs 160 in the next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 150. Petronet LNG has broken the neckline of inverse head and shoulder pattern on intraday chart with higher volumes, so we may see a sharp upmove. The stock can test Rs 127 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 121.
Vishal Kshatriya of Edelweiss Securities
I have a long call on United Phosphorous. The stock has given declining trend line breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. Derivatives data indicates long build-up in the stock. I would recommend traders going long in a range of Rs 150 to Rs 153 with target price of Rs 165 and Rs 170; maintain stop loss below Rs 142.
I have a long call on Sesa Sterlite. The stock has given rectangle pattern breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. I would recommend traders going long around Rs 190 with a target price of Rs 205 and Rs 210; maintain stop loss below Rs 182.
Pritesh Mehta of IIFL
I have a buy on Punj Lloyd. The stock is on the verge of breaking out the neckline of its inverted head and shoulder pattern on daily chart. It has seen a sharp fall since the month of May from the levels of Rs 57 and thereafter it consolidated for last two months between the levels above Rs 20 and Rs 25. This consolidation appears to breakeven on the upside. Buy above Rs 25 with stop loss at Rs 23 for a target of Rs 29 in next six-seven trading sessions.
I have a buy on Raymond. It has seen a sharp upmove in the second week of September and thereafter the stock consolidated at the top of its rally despite a sharp correction in the market. In Friday’s trade the stock appears to break on the upside also the stock has given a close above its 100 day moving average. So, buy above Rs 242 with stop loss of Rs 234 for a target of Rs 265 in four-five trading sessions.