6 trading bets that can fetch you handsome returns

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Manav Chopra, CMT Technical Research Analyst at Nirmal Bang and Rakesh Gandhi of FRR share, 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 Adani Power is making higher tops and higher bottoms on the daily charts. Yesterday it broke its 200-day moving average with higher volumes. So now it can test Rs 60 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 52.50. Dena Bank has broken its resistance of Rs 95 with higher volumes. Now we may see a recovery. The stock can test Rs 100 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 94. Manav Chopra, CMT Technical Research Analyst at Nirmal Bang
My first pick is Bajaj Auto. The stock has managed to exceed its falling resistance line drawn from its recent swing high which confirms a short-term trend reversal and resumption of the original trend. The stock is also currently trading above its short-term averages and has a very strong support at Rs 1,850 on the downside. One can maintain a stop loss at Rs 1,840 for an upside target of Rs 1,945.
Next pick is Century Textiles and Industries. This stock after couple of days of consolidation has managed to exceed its recent swing high with above average volumes. The overall parameters on the daily chart continue to remain in the buy mode. The stock has a very strong support at Rs 321 on the downside. One can maintain a buy with a stop loss of Rs 319 for an upside target of Rs 336. Rakesh Gandhi of FRR Share
My first pick for the day is Dish TV. Since the first week of April while market was rallying Dish TV has seen a sideways move in a very small range. While remaining in this range it has formed a small flag pattern having a potential breakout at the level of Rs 69 and hence it can be bought above Rs 69 only for a target of Rs 75 with a stop loss of Rs 65.
My second pick of the day is Ranbaxy Laboratories. After rallying from Rs 421 level which was the low seen in last week stock has once again lost the upward momentum. Short-term hourly charts and averages suggest that once the stock trades below Rs 438 the downward momentum would intensify. Hence it can be shorted below Rs 438 for a target of Rs 410 with a stop loss of Rs 450.