Check out: Super six stocks for Jan 03

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 Jaiprakash Associates. The stock has been in a corrective downtrend and appears to have completed its down move. Going forward we expect the stock to move to higher levels. Buy the stock in the range of Rs 101-102, place a stop loss at Rs 98.50 and trade bullish for a target of Rs 107.5 over the next four-six trading sessions.

Buy Brigade Enterprises. The stock has been in a very strong higher top higher bottom cycle over the past four months. In yesterday’s trading session it has started the next leg of the up move. Going forward we expect the stock to move to Rs 110. Buy the stock above the levels of Rs 99, place a stop loss at Rs 95 and trade bullish for a target of Rs 110 in the next four-six trading sessions.

 

Arunesh Madan of Augment Investment

Aurobindo Pharma was consolidating in the range of Rs 185-195 in the last fortnight. In yesterdays trade the stock has broken out of the trading range and have also closed above a major resistance level of Rs 201. Look to buy this stock at the current market price keeping a stop loss below Rs 194 and going forward we can expect a level of Rs 210.

Bank of Baroda has formed a shooting star pattern on the daily candlestick charts in yesterday’s trade. The stock is expected to consolidate or move lower going forward. Look to short this stock in the region of Rs 890-892 keeping a stop loss above Rs 900 on closing basis. Going forward we can expect a target of Rs 872 and 860.

 

Vishal Kshatriya of Edelweiss

Go long on Tata Global Beverage. Yesterday stock managed to bounce back from its support of 50 day moving average (DMA) along with good volumes. Besides this technical indicators on daily chart have also given a buy signal. Derivatives data indicates aggressive long buildup in the stock in previous trading sessions. Short-term traders can go long at current market price with a target of Rs 185 and stop loss below Rs 160.

Go long on Crompton Greaves. Stock has given triangle pattern breakout with good volumes on its daily chart. Technical oscillators continue to trade with a positive bias. Derivatives data indicates aggressive long buildup in the stock in previous trading sessions. Short-term traders can go long at current market price with a target of Rs 130 and 135 maintaining stop loss below Rs 117.