Super Six: Top chart picks for July 29

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Manas Jaiswal of manasjaiswal.com and Aditya Agarwal of Way2Wealth, 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
My first pick for the day is going short on Coal India. Stock has given a breakdown with good volumes on its daily chart. Derivatives data indicates aggressive short build up in the stock. I would recommend traders to go short at current market price with a target price of Rs 270 and Rs 265. Maintain stop loss above Rs 295.
My second pick for the day is going short on Power Finance Corporation (PFC). Stock has broken down its important support and closed below that level. Derivatives data indicates aggressive short build up in the stock in previous trading sessions. I would recommend traders to go short at current market price with a target price of Rs 115 and maintain stop loss above Rs 126. Manas Jaiswal of manasjaiswal.com IRB Infrastructure Developers was trading in the range of Rs 100 and 90 for last one month, but now it has broken this trend downside. So we may see further weakness. The stock can test Rs 80 in next one-two trading sessions. One can go short at current levels with the stop loss of Rs 88. Tata Global Beverage is making higher tops and higher bottoms in the daily charts. Oscillators are showing positive crossover, so we may see a recovery. The stock can test Rs 165 in next one-two trading sessions. One can buy the stock at current levels with the stop loss of Rs 154. Aditya Agarwal of Way2Wealth
First call for the day will be a buy call on Bharti Airtel. If we see Bharti Airtel it has given a breakout on weekly charts above Rs 330 levels and on weekly basis it has closed above those levels. From these levels we are expecting a good buying in Bharti which may take the stock in short-term towards Rs 354 levels whereas in one to two weeks perspective we are expecting the stock to test Rs 365 levels. At current levels one can go long in Bharti keeping a stop loss of Rs 331 with first target of Rs 354 and second target of Rs 365.
Second call for the day will be a sell call on Adani Enterprises. Adani Enterprises was trading in a narrow band for last couple of days, but in Friday's trading session stock has given a breakdown and it has broken its crucial support of Rs 198. We are expecting that selling pressure may continue and any bounce back in Adani Enterprises to Rs 194 levels should be used to make short positions. On lower side we are expecting a target of Rs 185 and stop loss for this trade will be Rs 199.