Super Six stocks you can bet on August 3

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO of chartpundit.com, Rakesh Gandhi of LKP Securities 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.

Hemen Kapadia, CEO, chartpundit.com
Sell Hindalco. It looks weak on the hourly charts. Infact it has given a downward breakout by closing below a demand line. There is negative divergence also. One can sell it at Rs 165 with a stop loss of Rs 167 and a target of Rs 161. This is an intraday call, the validity of which is obviously a single trading session. ITC looks weak. There is tremendous negative divergence not only on the daily charts but also on the 1.5 day charts. One can sell ITC at Rs 205 with a stop loss of Rs 208 and a target of Rs 199. This is a very short term call, valid from an intraday point of view.
Rakesh Gandhi of LKP Rashtriya Chemicals and Fertilisers (RCF) can be bought for a target of Rs 90. As the stock has been trending downwards or remaining sideways since the month of Feb and yesterday it has closed at Rs 80 with good volumes and also it has breached above the falling trendline as per the technical perspective. I believe that it could be bought for a target of Rs 90 and stop loss should be kept at Rs 76 for the same. Aban Offshore has been continuously falling and has been in a downtrend since it has broken a critical level of Rs 500. I feel still the stock has a potential to go upto Rs 435 and can be shorted with a stop loss of Rs 500 at current levels.
Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
I recommend going short on Areva T&D. Yesterday stock has generated a breakdown of its rising trendline placed on a daily chart along with good volumes. Breakdown was further accompanied by increase in OI which indicated fresh shorts have also been seen in the counter. Short term oscilators continue to trade with a negative bias. Recommend going short in a range of Rs 235-240 with a target of Rs 220 maintaining stop loss of Rs 240.
Go long on Godrej Ind. Overall trend in the counter is bullish, which is indicated by formation of higher tops and higher bottoms on daily and weekly charts. Accordingly long is recommended in the range of Rs 225-220 with a target price of Rs 240 and maintain stop loss of Rs 215.