Super Six stocks you can bet on Jan 21

On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Securities, 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.

Arunesh Madan of Augment Investment Indraprastha Gas has managed to close at the highest level of the last six months on Friday on the back of good volumes. Look to buy this stock on any pullback in the range of Rs 275 to Rs 278 keeping a stop loss below Rs 268 levels and going forward we can expect a level of Rs 285 and Rs 295 in the coming days. Kotak Mahindra Bank appears to have completed an ABC correction of its upmove. Look to buy this stock in the range of Rs 628 to Rs 630, keeping a stop loss below Rs 619 levels and going forward one can expect a level of Rs 640 and Rs 650. Long positions can be aggressively added once the stock begins to trade above the Rs 637 levels.
  Shardul Kulkarni of Angel Broking
A sell call on Century Textiles and Industries January Futures. The chart structure of Century Textiles shows that the stock has already given a trendline breakdown. This is accompanied with a bearish engulfing pattern on the weekly chart. Going forward, we expect the stock to move lower. Sell the January Futures for Century Textiles in the range of Rs 419 to Rs 422. Place a stop loss of Rs 426 and trade bearish for a target of Rs 398 over the next six-eight trading sessions.
A sell call with regards to Dish TV. The chart structure of Dish TV shows that the stock has been moving in a range of Rs 81 to Rs 75 over the past two months and the first sign that the stock is now headed towards the lower end of the range are visible. Sell the stock in the range of Rs 78.5 to Rs 79 in the January Futures segment. The stop loss for the trade would be at Rs 80.65 and the target on the lower side is at Rs 75 over the next six-eight trading sessions.
Rajesh Jain of Religare Securities Ambuja Cements has been trading sideways between Rs 195 to Rs 200 since the past three trading sessions. Now it is facing a resistance around Rs 200 levels and technically the stock is looking weak in the short-term. One can short the stock at current price, keeping a closing stop loss of Rs 202 for lower target of Rs 190.
CESC bounced back strongly on Friday after witnessing three consecutive days of selling pressure. Now the stock along with other power stock is forming a higher bottom-higher top formation on the daily charts indicating the stock is in strong hands. One can buy CESC on any dip around Rs 320 levels keeping a closing stop loss of Rs 315 for higher target of more than Rs 350.