Super Six: Manas, Rajesh, Vishal on their top picks

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Rajesh Jain, EVP Retail Research, Religare Sec and Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss, 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, Technical Analyst, manasjaiswal.com
My first pick is Suzlon, after taking support near to its February low, the stock witnessed good buying interest. On the daily chart, both the oscillators are in the oversold zone, so a bounce back is possible. In the coming days stock can test Rs 27, one can buy it with a stop loss of Rs 23.50.
My second pick is Shree Renuka. The stock made a good base near Rs 30 and given us good buying interest over the last few days. Looking at the charts, the stock can break its recent high of Rs 32.50 and can test Rs 34 in couple of days. So, one can buy it with a stop loss of Rs 30.

  Rajesh Jain, EVP Retail Research, Religare Sec Jet Airways has been moving higher and has closed above its resistance zone of Rs 350. One can buy the stock near Rs 350-352 levels, which is its support now keeping a closing stop loss of Rs 340 for higher target of Rs 380.
Yesterday when most of banking stocks were moving higher, Reliance Capital saw selling accompanied with good volumes. One can short the stock at any counter rally near its resistance level of Rs 370 keeping a stop loss of Rs 380 for target of Rs 350.
 
  Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
My first pick for the day is going long on Tata Steel. Stock has multiple supports near Rs 440 levels. Yesterday after making low of Rs 443, stock managed to bounce back sharply that too along with good volumes. I would recommend traders to go long in a range of Rs 445 to Rs 450 with target price of Rs 480, maintain stop loss below Rs 435.
My second pick for the day is going long on Tata Global. Yesterday stock has seen long build up which has indicated by open interest data, momentum oscillators on daily as well as intraday charts continue to trigger positive bias. I would recommend traders to go long in a range of Rs 118-120 with target price of Rs 126, maintaining stop loss at Rs 115.