Super Six stocks you can bet on Oct 22

On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Shardul Kulkarni of Angel Broking and Rajesh Jain of 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 of Augment Investment
Sell Power Finance Corporation (PFC) in the range of Rs 199-200, as the stock has formed an Evening Star Pattern on the daily candlestick charts sometimes last week. Short positions can be added below the Rs 195 levels aggressively for a target of Rs 190 and Rs 186 in the coming days. The stop loss should be kept above the Rs 204 levels on a closing basis.
Sell Bank of Baroda in the range of Rs 800-804, as the stock has got a very strong resistance in the range of Rs 808-811, which is not likely to be broken unless there is some positive news. Look for a target of Rs 780 and Rs 765 in the coming days.
  Shardul Kulkarni of Angel Broking
The first stock that we will recommend is a sell call in case of Sterlite Industries. The chart structure of the US dollar index is poised to give a bounce and we expect negativity in case of the metal counters. Sell Sterlite Futures below the levels of Rs 99. Place a stop loss at Rs 101.50 and trade bearish for a target of Rs 93.
The second stock that we would recommend is a sell call in case of Reliance Power. The chart structure suggests a possibility of a move towards the Rs 95 mark. Sell in the range of Rs 101-102, place a stop loss at Rs 104.50 and trade bearish for a target of Rs 94.
Rajesh Jain of Religare Securities Hindalco had been underperforming the market and on Friday, the stock has broken down from a head and shoulder formation. One can short the stock near its resistance of Rs 116, keeping a closing stop loss of Rs 118 for lower target of Rs 111. Canara Bank stock has gone up when market was reacting. It has broken on its up way. The side ways zone on Friday and closed sharply higher. One can buy the stock near a support of Rs 439-441 at any correction, keeping a closing stop loss of Rs 435 for higher target of Rs 470.