Super Six stocks you can bet on Jan 06

On CNBC-TV18's show Super Six, market gurus Rajesh Jain of Religare Securities, Arunesh Madan of Augment Investment Pvt Ltd  and Vishal Kshatriya of 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.

Rajesh Jain, EVP Retail Research, Religare Securities

HUL has corrected from Rs 420 to Rs 390 in last 8 trading sessions. It has a strong support at Rs 385-390 where one can buy keeping a closing stoploss of Rs 385 for higher target of Rs 410.

Aurobindo Pharma has been consolidating in a sideways zone for last one month. The stock is now ready for an upmove. One can buy at current market price with stoploss of Rs 87 and target of Rs 100 plus in coming days.

Arunesh Madan, Founder and Director of Augment Investment Pvt Ltd

Axis Bank has shown very strong momentum in a sideways market yesterday. There appears to be lot of shorts at the counter going by a negative cost of carry. One can look to buy in the region of Rs 855-860, with a stoploss below Rs 840 and target of Rs 895-900 in next 2-3 days.

Wipro has formed a Dojee Pattern on candelistic charts in last two days indicating indecisiveness. There appears to be a negative divergence on RSI indicator. One can look to short the stock at Rs 416-419, with stoploss above Rs 425 and target of Rs 400-405 in next 2-3 trading sessions

Vishal Kshatriya, Senior Derivative and Technical Analyst, Edelweiss

Go short on Sterlite Industries. The stock has strong resistance in the range of Rs 98-100. Yesterday after making high of Rs 97, the stock corrected sharply alongwith good volumes. This clearly indicates supply in the stock at higher levels. I am expecting stock to trade with a negative bias in days to come. Traders can go short at Rs 94-96 with target of Rs 88-90 and keep a stoploss above Rs 98.

Go long on Cipla. I am expecting the stock to breakout of its key resistance of Rs 330-335 in days to come. Oscillators on daily charts have already givena buy signal. Open interest data indicates aggressive long build up in previous tarding sessions. Traders can go long at current market price, with target of Rs 355 and stoploss below Rs 326.