Super Six: Top chart picks for today

On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, Nooresh Mirani - AVP Technical, AMSEC Research and Rajesh Jain, EVP Retail Research, 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, Founder and Director of Augment Investment Pvt ltd
I have a sell call on SBI as the ABC corrective rally in the stock seems to be over. The stock has a strong resistance in the region of Rs 1875-1890. Look to short the stock in the range of Rs 1850-1860, a stop loss above RS 1890 on a closing basis & look for a target of Rs 1775.
I have a sell call on ICICI Bank as the stock seems to have formed a bearish pattern on the daily candlestick charts. The stock has not been able to close above the Rs 800 levels since Friday. Look to short the stock in the region of Rs 788-792, a strict stop loss above Rs 800 on a closing basis and look for a target of RS 775 which should be expected in the next two days.
  Nooresh Mirani - AVP Technical, AMSEC Research
My first stock call is a buy on Mastek with a target price of Rs 102, & a stop loss placed at RS 88. The stock has flattened out over the last few weeks & yesterday it has seen a large volume tick with a good price move as well, which indicates a turnaround in the stock. I would expect an initial target of Rs 102 and once it starts trading above this level we would expect another 15-20% jump up. So this could be a low risk entry point for the stock.
My second stock call is a buy on Jain Irrigation with a target price of Rs 106 & a stop loss placed at Rs 98. The stock has been badly battered over the last 6 months and finally we are seeing some sort of bottoming out signals as well as a small flag breakout. So I would expect short term momentum upto Rs 105-108 in the near term.
  Rajesh Jain, EVP Retail Research, Religare Securities Ambuja Cements yesterday broke out of its sideways consolidation zone and closed near its high on good volumes. One can buy the stock at its support near Rs 154-155 keeping a stop loss of Rs 152 for higher target of Rs 165 plus in coming days.
After taking a correction in last four trading sessions Cipla moved up & the correction seems to be over. One can buy the stock at current price keeping a stop loss of Rs 330 for higher targets of Rs 350 plus in coming days.