Super Six: Stocks you can bet on Jan 24

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Shardul Kulkarni of Angel Broking, 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.

Hemen Kapadia, CEO, chartpundit.com
Buy ABB. The stock has continued its uptrend. The stock has also posted a fresh three month high. One can buy ABB at Rs 756 with a stop loss of Rs 752 and a target of Rs 764. This is a shorter term call valid from intra day point of view.
Sell ABG shipyard. It has reflected weakness. It has posted a lower top lower bottom scenario on the daily charts infact it has given a mini breakout, closed below the 55 day exponential moving average. It could further decline from here, keeping that in mind one can sell ABG shipyard at Rs 395 with a stop loss of Rs 398 and a target of Rs 389. This is shorter term call valid from an intraday point of view.
 
Vishal B Malkan, CMT, www.malkansview.com Tata Comm has given a breakout on hourly charts along with huge volumes. Recommend a buy with a stop loss of Rs 221 and target of Rs 234 & 240.
Sell JSW Steel with a stoploss of Rs 641 for targets of 624 & 618. It has formed a bearish pattern on daily chart along with momentum is also showing bearishness on the hourly chart.
 
Shardul Kulkarni of Angel Broking Mahindra and Mahindra has been consistently moving in a lower top, lower bottom cycle past 15-20 trade sessions. Sell the stock below Rs 653, the stop loss should be placed at Rs 662 & target in the next 2 or 3 trading sessions is at Rs 635.
We believe that HUL has given a breakout in yesterday's trading session. One can buy the counter in the range of Rs 394-398, stop loss should be placed on the lower side at Rs 386 and the target in the next 4-6 trading sessions is Rs 415.