Super Six stocks you can bet on October 3

On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi of Sharekhan, Vikrant Jadeja of Vibrant Trades and Salil Sharma of Kapur Sharma & Co, 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.

Gaurav Ratnaparkhi, Sharekhan

IFCI has recently done a three wave correction after a five year rise. As per Elliot Wave theory hereon next set five year rise is expected to form and the same seems to have started in the last session also the stock has managed to hold on to its crucial daily moving average. So, this is an ideal level to buy this counter from short-term perspective from trading perspective, the stop loss can be placed at Rs 21.60 and target will be Rs 24.30.

Sintex Industries is forming an inverted head and shoulder pattern which is a bullish pattern. Currently right shoulder of the pattern is in formation and the right shoulder has taken support near its 20 daily simple moving average. Hereon the price is expected to move up to complete the pattern and can eventually breakout on the upside. So, the stock is looking bullish from short-term as well as medium-term perspective and from two-three days’ perspective one can buy this counter with stop loss of Rs 20.80 for target of Rs 23.30.

Vikrant Jadeja, Vibrant Trades

Exide Industries was trading in some kind of volatile trading range since last few trading session but looking at last two-three trading session’s data, it is quite possible that technically we may see some kind of breakout from this volatile trading range and some kind of high level around Rs 143 could be expected. So, one can accumulate Exide Industries at current market price with a stop loss of Rs 130 for the day trade.

Looking on daily charts as per technical, it is quite possible that some kind of negative movement may continue in Hindalco, so one can take short positions in Hindalco October Futures around current market price with stop loss of Rs 113 expect a target of Rs 104 in next two-three trading sessions.

Salil Sharma, Kapur Sharma & Co

I am recommending Aurobindo Pharma which has seen an excellent breakout on Tuesday and closed at the highest level for the day. One can buy at the current levels of Rs 208 keeping a stop loss of Rs 203.

I am recommending Aditya Birla Nuvo because the share is touching new highs, in fact touched a lifetime high on Tuesday and it qualifies to be giving a bullish breakout. One can buy at the current levels of Rs 1,245 keeping a stop loss of Rs 1,225 and the target in this case would be around Rs 1,280.