Super Six stocks you can bet on August 28

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rajesh Jain of Religare Securities 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.

Manas Jaiswal of manasjaiswal.com UltraTech Cement was trading in a range of Rs 1,700 to Rs 1,740 for last four-five trading sessions but yesterday it broke the trend upside with higher volumes. So now stock can touch Rs 1,800 in next one-two trading sessions. One can buy this stock at current levels with a stop loss of Rs 1,730. GVK Power is continuously making lower tops and lower bottoms on the daily chart and yesterday it broke the support of Rs 12. 20, so one can go short at current levels with a stop loss of Rs 12.40. The stock can test Rs 11.45 in next one-two trading sessions.
  Rajesh Jain of Religare Securities Shree Renuka is trading below its important moving averages and has broken below a trendline support on the daily chart. Investors may sell the stock around Rs 30.75-31 levels, which is its resistance keeping a closing stop loss of Rs 31.50 for a target of Rs 29. ONGC is among the few largecap stocks that have remained stable even in a falling market. It is trading near its important breakout levels of Rs 292. Investors may buy the stock around Rs 284-285 levels keeping a closing stop loss of Rs 280 for target of Rs 298.
Shardul Kulkarni of Angel Broking
The first stock that we would recommend is a sell call in case of Pantaloon Retail. The chart structure has clearly deteriorated and we feel that Rs 152 support level has been broken on a closing basis. Thus we recommend selling Pantaloon Retail on a rise towards Rs 152 to Rs 153, place the stop loss at Rs 158 and trade short for a target of Rs 136.
The second call for the day is also a sell call in case of Punj Lloyd. The chart structure of Punj Lloyd shows a clear bearish cup and handle breakdown, thus we recommend selling Punj Lloyd below the levels of Rs 47, place a stop loss at Rs 49. The potential target in the next six-eight trading sessions is at Rs 40.