Super Six stocks you can bet on May 11

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rajeev Agarwal of www.dynamixresearch.in and Arunesh Madan of Augment Investment, 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 HDFC Bank is making higher tops and higher bottoms on the daily chart and now it has broken the resistance of Rs 700 with higher volumes. So, we may see further rally. Stock can test Rs 720 in next one or two trading sessions. One can buy the stock at current levels with a stop loss of Rs 699. Bank of India was trading in the range of Rs 335-325 for last 7-8 trading sessions but now it has broken this range upside with higher volumes. So, we may see further upmove. Stock can test Rs 350 in next one or two trading sessions. One can buy the stock at current levels with a stop loss of Rs 330.
Rajeev Agarwal of www.dynamixresearch.in
My first call is sell on Financial Technologies. On chart it is showing some toping out pattern. So, one can sell it, but only below Rs 825 level and keep a stop loss level Rs 860 on closing basis. My initial target is around Rs 790 and next logical target is around Rs 750 in short term.
My second call is also a sell call. One can attempt sell in Axis Bank if it sustains below Rs 1445. Keep a stop loss of Rs 1480 on closing basis. Hold for lower targets around Rs 1405 and Rs 1365 in next 5-10 trading sessions.
Arunesh Madan of Augment Investment Canara Bank has formed a bullish pattern in yesterdays trading session on the back of substantial increase in volumes. Look to buy this stock in the region of Rs 418-420. Keep a stop loss below the Rs 415 levels and look for a target of Rs 429 and Rs 438 in the coming days. Central Bank of India has formed a very good base in the region of Rs 67-70 and in yesterdays trading session the stock has formed a bullish pattern on the back of very high volumes. Look to buy the stock in the region of Rs 70-72. Place a stop loss below the Rs 68 levels and look for a target of Rs 76 and Rs 80 in the coming days.