Super Six: Top chart picks for Mar 27

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rajesh Jain of Religare Securities and Nooresh Mirani of AMSEC Research, 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 PNB is looking weak on the charts. For last 5-6 trading sessions it was facing resistance near 200 day moving average and yesterday it fell sharply, broke the neckline of head and shoulder pattern which is a bearish sign, so possibly stock can test Rs 880 in next 2 trading sessions. One can go short at current levels with a stop loss at Rs 926.
Second pick is MphasiS. After taking support near the 200 day moving average it bounced back sharply and broke the resistance of Rs 326. So one can buy the stock at current levels.
  Rajesh Jain of Religare Securities Jaiprakash Associates closed higher with good volumes on a day when Nifty closed sharply down. One can buy the stock at current price keeping a stop loss of Rs 79 for higher target of Rs 86. SAIL gave a lowest closing in last 15 days showing it to be technically weak. One can short the stock near Rs 94 levels keeping stop loss of Rs 95 for lower target of Rs 90.
Nooresh Mirani of AMSEC Research
Buy Sintex industries with a target price of Rs 88 and a stop loss at Rs 76. The stock gave a break out in the band of Rs 75-80. Recently the stock is testing the same support zones. So I would expect the stock to bounce back from this area giving a quick jump of 10%.
Buy PTC India with a target price of Rs 65 and stop loss at Rs 57. The stock is making a higher top higher bottom formation ever since the low it made around Rs 40. After making a recent high of 65 the stock is dipping back to the support zones of Rs 58-59. So, one can initiate a buy position in this area keeping a stop loss at Rs 57 and a quick target price of 65 in the near term.