Super Six short term picks for Oct 28

On Super Six, a CNBC-TV18 show, market gurus Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss, Rakesh Gandhi, Sr Technical Analyst of LKP and Nooresh Mirani, Head, AMSEC-Analyse India place their bets on two stocks each that can potentially make money. Investors can read into the detailed analysis before agreeing to any or all the bets.

Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss
Go long on M&M. Stock has been consolidating in a narrow range of Rs 780-820 since last one month. Momentum oscillators on daily charts have given a buy signal. I am expecting stock to trade with a positive bias in days to come. Traders can go long in a range of Rs 845-855 with a target price of Rs 900 and maintaining stoploss below Rs 810.
Go long on HDIL. Stock has strong support at Rs 90. It has formed bullish candlestick pattern on its daily chart. Momentum oscillators on daily chart have given a buy signal. I am expecting stock to trade with a positive bias in days to come. Traders can go long in a range of Rs 92.50-94 with target price of Rs 100, maintaining stoploss below Rs 90.
  Rakesh Gandhi, Sr Technical Analyst of LKP India Cements has seen a good move out of consolidation formation & it looks like it would continue the upward momentum. Traders can buy for a target of Rs 90 with a stoploss of Rs 74 as the weekly chart is also showing higher highs & higher lows, so the medium trend is also good. So, one can buy for a target of Rs 90 with a stop loss of Rs 74. Lupin has been trading below its resistance level of Rs 485 since last may be more than 2 months. It has seen a moving average crossover & it looks like it is gaining momentum on weekly charts also. One can buy between Rs 475-485 for a target of Rs 510 with a stop loss of Rs 465.
  Nooresh Mirani, Head, AMSEC-Analyse India
Buy ACC with a target price of Rs 1270 and a stop loss placed at Rs 1125. The stock has broken out above its range of Rs 1150 which it has been attempting for the last 3-5 times over the past one year. I expect the stock to do well in the medium to long term as it is a long term breakout. Any dips to Rs 1150 should be a buy.
Buy India Cements. Continuing with my bullish stance with all cement stocks I expect the stock to do a target of Rs 84, one can keep a stop loss at Rs 74.50. The stock has bottomed out over the last few months and I expect the stock to even touch Rs 90 in the medium term.