Super Six short term picks for Dec 10

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rakesh Gandhi of FRR Shares and Vishal B Malkan, CMT, 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

Buy JSW Energy. It has witnessed a flag breakout on the charts. So it can test Rs 72 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 66.

Buy Gujarat State Petronet Limited (GSPL). It has broken an important resistance of Rs 76 with higher volumes on Friday. So now it can test Rs 81 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 76.

 

Rakesh Gandhi of FRR Shares

Buy Punj Lloyd. The stock has been consolidating below Rs 60 forming a higher high, higher low pattern. Eventually it has seen a breakout from an ascending triangle pattern indicating that it could see further higher levels up to Rs 85 in next few weeks. However, for short-term it can be bought for a target of Rs 70 with a stop loss of Rs 55.

Buy Raymond. After October 2010 for the first time the stock is stabilizing around Rs 450 and it has seen a breakout from a symmetrical triangle pattern on a weakly basis. The pattern has a potential to take stock towards the level of Rs 600 or even more. However, for a short-term it can be bought for a target of Rs 525 with a stop loss of Rs 455.

Vishal B Malkan, CMT

Buy Maruti Suzuki. It has closed above the resistance of Rs 1500 with huge volumes. Momentum is bullish on hourly charts. I recommend a buy with a stop loss of Rs 1500 and target of Rs 1545-1560.

Sell Steel Authority of India (SAIL). It has formed an evening star pattern on daily charts. I recommend a sell with a stop loss of Rs 84.50 and a target of Rs 80-81.