Super Six stocks you can bet on Jan 4

On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Arunesh Madan of Augment Investment and Vishal Kshatriya of Edelweiss, 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.

Shardul Kulkarni of Angel Broking
Buy Eros International. The chart structure of Eros suggests that the stock has been in a corrective phase over the past 15-16 trading sessions and now the next leg of the up move has begun. Buy the stock in the range of Rs 207-210, place a stop loss at Rs 201 and trade bullish for a target of Rs 225 over the next six-eight trading sessions.
Buy Godrej Industries. The chart structure clearly shows a very strong triangular breakout in case of Godrej and going forward we expect significant up move in case of this particular counter. Buy the stock in the range of Rs 318-322, place a stop loss at Rs 311 and trade bullish for a target of Rs 345 over the next six-eight trading sessions.
  Arunesh Madan of Augment Investment Infosys was moving in a very narrow trading range in the last fortnight. In yesterdays trade the stock has managed to close at the top end of the trading range. We would look to buy this stock once it begins to trade above the Rs 2350 levels keeping a stop loss below the Rs 2325 levels and we can expect a target of Rs 2395 and 2420 going forward. Tata Consultancy Services (TCS) has managed to close above Rs 1230 and the 100 day moving average in yesterday’s trade on the back of decent volumes. Look to buy this stock at the current market price of Rs 1280, keep a stop loss below Rs 1260 on closing basis and look for a target of Rs 1320-1345 in coming days.
 
Vishal Kshatriya of Edelweiss
Go long on Godrej Industries. Stock has given a triangle pattern breakout with good volumes on its daily charts. Technical indicators are also suggesting a bullish bias. Derivatives data indicates aggressive long buildup in the stock in previous trading sessions. Traders can go long in the range of Rs 320-323 with a target of Rs 338 and Rs 342 maintaining stop loss below Rs 310.
Go short on LIC Housing Finance. Stock has formed a head and shoulder pattern on its hourly charts. I expect stock to break down this pattern in days to come. Besides this technical oscillators are also trading in an overbought zone. I expect stock to retrace from current levels and test its support of Rs 285 in days to come. According short-term traders can go short in a range of Rs 295-297 with a target of Rs 285 maintaining stop loss above Rs 303.