Super Six trading ideas for the day

On CNBC-TV18's in Super Six show, market gurus Rajesh Jain, EVP Retail Research of Religare Sec, Rakesh Gandhi, Sr Technical Analyst of LKP and Vishal Kshatriya, Sr Derivative and Technical Analyst 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 of Religare Sec Bajaj Auto performed very well and was going up when markets were did not perform well in last clearing. One can buy the stock between its support of Rs 1500-1520 keeping stop loss below Rs 1480 and target of Rs 580 plus.
Colgate among the FMCG stocks remained sideways when other stocks like ITC and HUL performed in last clearing. But yesterday Colgate closed higher on good volumes. One can buy at Rs 970-980 with stoploss of Rs 960 for higher a target of Rs 1020 plus.
  Rakesh Gandhi, Sr Technical Analyst of LKP Tata Motors had moved very sharply from Rs 137 to 167 and now has corrected once again from Rs 167. In last 2-3 days it has been caught up in an upward momentum, which can take the stock to higher levels. Hence, I recommend buy for a target of Rs 178 and stoploss at Rs 150. Sintex has been trending since last 1 year above Rs 140. In last 1 year it has made head and shoulder formation with a neckline of Rs 140. Now it has closed below that neckline and I believe that stock could go to lower levels. For a short term I recommend to sell Sintex for a target of Rs 120 and stoploss of Rs 145.
  Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss
I have a buy call on Tata Steel. Stock has strong support in the range of Rs 415-420. Yesterday after making low of Rs 417 stock bounced back sharply along with good volumes. This indicates that there is an emerging demand for the stock near its support zone. Momentum oscillators on daily chart have also given a buy signal. Traders can go long at CMP for target of Rs 460 and stoploss of Rs 415.
I have a buy call on Delta Corp. Stock has strong support at Rs 95. Yesterday it has formed a bullish hammer pattern on its daily charts. This indicates stock is likely to trade with a positive bias. Momentum oscillators on hourly charts have given a buy signal. Traders can long at CMP for target of Rs 104 and stoploss of Rs 95.