Super Six: Top chart picks for May 9

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rajeev Agarwal of www.dynamixresearch.in and Shardul Kulkarni of Angel Broking , 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 Dish TV has made a strong base near Rs 66 and yesterday it witnessed good buying interest. On the daily chart oscillators are showing positive crossover, so we may see further recovery. Stock can test Rs 75 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 66. LIC Housing Finance is making higher tops and higher bottoms on daily chart. Yesterday it broke the 200 day moving average with higher volumes. So we may see further recovery. The stock can test Rs 260 in next one-two trading sessions. One can buy it with a stop loss of Rs 249. Rajeev Agarwal of www.dynamixresearch.in
Sell Bharat Petroleum Corporation (BPCL) at current market price with a stop loss above Rs 422 on closing basis and hold for lower target in the range of Rs 397-385.
Sell Maruti Suzuki. Though Maruti is trading near its all time high but now showing some toping out pattern, so aggressive seller can sell here around Rs 1680-1700 and keep a stop loss above Rs 1740 on closing basis. My initial target is around Rs 1630 and next logical target is around Rs 1570 in short-term. Shardul Kulkarni of Angel Broking
Sell Mcleod Russel. The chart structure of Mcleod Russel clearly indicates very strong lower top lower bottom cycle and the next leg of the down move seems to have begun in yesterdays trading session. We recommend selling the May Futures contract of Mcleod Russel in the range of Rs 308-310. Place a stop loss at Rs 316 and trade bearish for a target of Rs 295 over the next six-eight trading sessions.
Buy Engineers India. The chart structure indicates consolidation in the range of Rs 185 to Rs 175. Over the next few sessions we expect an upward breakout in case of this particular counter. We recommend buying this stock only above Rs 186.5, place a stop loss at Rs 180 and trade bullish for a target of Rs 200 over the next three-five trading sessions.