Super Six stocks you can bet on Jan 2

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 Coal India is a buy call. In case of yesterday’s trading session the stock has given fresh breakout on the upside and we expect the positive momentum to continue in the near future. Buy the stock in the range of Rs 359 to Rs 361, place a stop loss at Rs 354 and trade bullish for a target of Rs 374 in the next six-eight trading sessions. IndusInd Bank too is a long call. The stock has been in a very strong higher top-higher bottom cycle and in yesterday’s trading session the stock has given fresh upmove. Buy the stock in the range of Rs 422 to Rs 425, place a stop loss at Rs 414 and trade bullish for a target of Rs 442 over the next six-eight trading sessions. Arunesh Madan of Augment Investment Tata Motors DVR was facing lot of resistance in the region of Rs 175 to Rs 176. Yesterday the stock broke and closed above that level on the back of good volumes. Look to buy this stock in the region of Rs 177 to Rs 178, keeping a stop loss below Rs 174 levels on closing basis and going forward we can expect a target of Rs 184 and Rs 189. Look to buy BHEL once it begins to trade above Rs 234 levels, keeping a stop loss below Rs 230 levels and one can expect a target of Rs 240.
Vishal Kshatriya of Edelweiss Go long on Vijaya Bank. The stock has given a declining trendline breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. Derivatives data indicates aggressive long build-up in the stock in previous trading sessions. Short-term traders can go long at current market price with a target price of Rs 70, maintaining stop loss below Rs 62.5. Go long on Century Textile. Overall trend in the stock is positive which is depicted by formation of higher highs and higher lows on its daily chart. The stock has given inverse head and shoulder pattern breakout yesterday with good volumes on its intraday chart. I expect stock to trade with positive bias in days to come. Short-term traders can go long at current market price with target price of Rs 450, maintain stop loss below Rs 410.