Super Six stocks you can bet on April 22

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 Dr Reddys Laboratories has been overall performing very well and it seems to be in very strong hands. For the past two days we have seen that the stock has been moving in a sideways zone. One can buy the stock at its current price keeping a closing stop loss of Rs 1,880 for higher target of Rs 1,960 to be achieved. Oil and Natural Gas Corporation (ONGC) is another stock which has been moving sharply higher and has a lot of momentum. It has outperformed the market. One can buy the stock near Rs 330 levels which is now its important support keeping a closing stop loss of Rs 325 for higher target of Rs 348 to be achieved in coming days. Vikrant Jadeja, vibranttrades.com
In the market for any stocks if at all there is any kind of good supportive news and if at all the stock will not perform in the market it indicates there is some kind of bearishness in the counter. Same case is with Tata Consultancy Services (TCS). We may certainly see some kind of lower levels in this counter in coming sessions and the stock is likely to underperform the index. Sell TCS Futures at current market price with stop loss of Rs 1,490. Expect a target of Rs 1,350-1,360 in the next four-five trading sessions.
On daily charts we have seen that Colgate Palmolive (India) has given a good breakout on the upside and certainly some kind of higher levels can be expected in this counter going forward. Buy Colgate at current market price with stop loss of Rs 1,340. Expect a target of Rs 1,440-1,460 in the next three-four trading sessions. Vishal Malkan, malkansview.com Union Bank has broken out the resistance of Rs 235 and closed above it. Banking sector has been on a roll since last week. I expect it to continue for a couple of days. I recommend a buy with a stop of Rs 232 for targets of Rs 240-245. Bharat Petroleum Corporation (BPCL) has given a strong close above the resistance of Rs 400 with good volumes. It has broken on hourly chart on momentum as well as price. I recommend a buy with a stop of Rs 398 for targets of Rs 415-420.