Super Six stocks you can bet on January 7

On CNBC-TV18's show Super Six, market gurus Manav Chopra of Nirmal Bang, Rajesh Jain of Religare Sec and Rakesh Gandhi of FRR shares, 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.

Manav Chopra of Nirmal Bang
First pick is Indian Overseas Bank (IOB). This stock after a long-term decline has given a bullish breakout from an inverted head and shoulder pattern. This breakout has accompanied by a big bullish candle accompanied by sharp volumes. It has a strong support at Rs 92 on the downside. One can buy with a stop loss of Rs 91 with a target of Rs 100.
Next pick is Aditya Birla Nuvo. The stock after a short-term consolidation has given a breakout from a bullish pattern. The stock recently formed a bullish hammer with above average volumes. One can buy this stock with a stop loss of Rs 1100 and target of Rs 1190.
  Rajesh Jain of Religare Sec GVK Power & Infrastructure Ltd stock has broken above a symmetrical triangle on the weekly charts and has also closed above its 200 day exponential moving average on the daily charts. Both these factors go to show that the stock is in very strong hands and investors can accumulate the stock around Rs 14-14.20 levels keeping a closing stop loss of Rs 13.80 for higher targets of Rs 16 and above in coming days. Andhra Bank has given a breakout above forming an inverted head and shoulder pattern on the weekly chart. Overall the banking sector is in a strong bullish trip. This is again a bullish pattern on Andhra Bank. One can buy the stock at any dip near Rs 120-123 keeping a closing stop loss of Rs 118 for higher targets of Rs 140 plus.
Rakesh Gandhi of FRR shares
First pick is Andhra Bank. The stock has remained in a range bound kind of trend while other banking stocks had rallied in that period. Stock has recently completed bullish head and shoulder pattern having upwards trending neckline. This pattern has a potential to take stock towards the level of Rs 150. However, for short-term it can be bought for a target of Rs 135 with a stop loss of Rs 121. Century Textiles had seen a breakout from a symmetrical triangle pattern in the month of November. It retraced and once again found support at the neckline of the symmetrical triangle. Now once again the upward momentum has picked up and stock could see levels up to Rs 500 in next few months. Hence for a short-term it can be bought for a target of Rs 475 with a stop loss of Rs 430.