Super Six short term picks for July 23

On CNBC-TV18's show Super Six, market gurus Nooresh Merani of AMSEC Research, Rajesh Jain of Religare Securities and Rajeev Agarwal of dynamixresearch.in, 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.

Nooresh Merani of AMSEC Research
My first stock call is a sell on Havells India. The stock has been moving up over the last few months and is now heading towards a resistance of Rs 800-810, which is a long-term channel upper end. We may expect the stock to see bigger correction once it starts trading below Rs 760. One can short the stock at higher levels of Rs 770-775 keeping a stop loss at Rs 785 and a target price of Rs 720 in the short-term.
My second stock call is a buy on Mahindra and Mahindra (M&M). The stock is in a long-term uptrend with a long-term trendline coming around Rs 850-870. The stock has reversed from the same zone. We can expect the stock to make another high over the next two-three months. A short-term target price for the stock would be Rs 950. One can keep a stop loss at Rs 880 for this trade. Rajesh Jain of Religare Securities Bharti Airtel has been rising one way in this month and has closed near its high of last three months. One can buy the stock at any correction near Rs 328-330 levels, which is its important support keeping a closing stop loss of Rs 324 for higher target of more than Rs 338 for coming days.
Yesterday when the metal stocks and the entire market was under pressure, Coal India saw good buying. One can buy the stock at its current price keeping a closing stop loss of Rs 295 for higher target of Rs 308 in coming days. Rajeev Agarwal of dynamixresearch.in
My first call is sell on Mcleod Russel. On charts, it is failing to cross a strong resistance of Rs 285-290. One can attempt shorts in the range of Rs 285-287 with a stop loss above Rs 296 on closing basis. My initial target is around Rs 270 and next logical target is around Rs 255 in next ten-fifteen trading sessions.
My second call is sell on Reliance Capital. It is also near very strong resistance zone of Rs 380-390 so one can attempt shorts in the range of Rs 380 and any pullback towards Rs 390 with a stop loss above Rs 400 on closing basis. My initial target is around Rs 355 and next logical target is around Rs 330 in next ten-fifteen trading sessions.