Super Six buy/sell call for April 23

On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Securities, Vikrant Jadeja, vibranttrades.com and Vishal Malkan, malkansview.com, 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.

Rajesh Jain, Religare Securities Dish TV has formed an inverted head and shoulder pattern and is now on the verge of a breakout from the same which indicates a fresh buying potential. One can accumulate the stock between Rs 69-70 levels keeping a closing stop loss of Rs 68 for higher target of Rs 76 plus levels.
Overall banking stocks are performing very well and now Karnataka Bank is trading in a range and is likely to breakout. One can buy the stock between Rs 143-145 keeping a closing stop loss of Rs 141 for higher target of Rs 155. Vikrant Jadeja, vibranttrades.com
Looking at the overall trading history of last two months it has been observed that Cipla has been moving in some kind of upward channel. Stock has tried to breach the lower levels of this upward channel. If at all it does so then we may see some kind of lower levels for sure in coming sessions. Sell Cipla Futures around Rs 397-400 with closing stop loss of Rs 406 and expect a target of Rs 387-390 in the next two-three trading sessions.
We have seen in the last four-five trading sessions almost every banking stock has moved quite a lot, same case is with Axis Bank. We have seen Axis Bank has moved almost Rs 300 and on daily charts in last trading sessions it has formed some kind of inverted hammer candlestick pattern which suggests that if at all the high of the last trading session won't be breached then some kind of lower level can be expected as a reversal. Sell Axis Bank Futures around Rs 1450 with closing stop loss of Rs 1480, expect a target of Rs 1400 in next one-two trading sessions. Vishal Malkan, malkansview.com
Buy Reliance Capital. It has given a smart move yesterday with good volumes breaking above the resistance of Rs 350. Price has started tagging the upper bollinger band on daily charts. I recommend a buy with a stoploss of Rs 350 for target of Rs 365-370.
Buy Bharat Heavy Electricals (BHEL). It has given a good move yesterday with volumes; it has broken the resistance of Rs 188 on closing basis. Hourly momentum has turned bullish. I recommend a buy with a stop loss of Rs 188 for target of Rs 194-197.