Super Six stocks you can bet on September 26

On CNBC-TV18's new show Super Six, 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

HUL the great FMCG player has been an outperformer in the falling markets for the last few months. The stock has not even corrected 10% from its high and is available near its support line. One can buy the stock near its support between Rs 322-326, keeping a closing stop loss of Rs 319 for much higher targets of Rs 345 in coming days.

Hero Motocorp, the 2-wheeler giant had been outperforming the market, in last three trading sessions the stock has fallen sharply and is now near its important support zone. One can buy the stock between Rs 1980-2010 which is it important support keeping a closing stoploss of Rs 1950 for higher target of Rs 2125-2150 levels in coming days.

 

Rakesh Gandhi, Sr Technical Analyst of LKP

Sterlite Industries has been beaten up together with other metal stocks; it has broken its important support level of Rs 128. As soon as it falls below the Rs 120, the downward momentum would increase. One can short the stock for a target of Rs 105 with a stoploss of Rs 135 on a closing basis.

Sintex Industries has been drifting continuously downwards since last few months, as soon as the stock breaks Rs 144 or 143 level the downward momentum could increase. For shorting the target should be Rs 135 on a short term basis & a closing stop loss should be kept of Rs 155.

 

Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss

I have a short call on HDIL. The stock is trading at lower end of its channel pattern form on its daily chart, momentum oscillators have given a sell signal this indicates that the stock is likely to break down its channel pattern in days to come. Traders can go short at current market price with target price of Rs 94 and maintain stop loss above Rs 103.

I have a short call on Tata Motors. The stock has breached and closed below its support of 20 DMA along with good volumes. Derivative data indicates aggressive short built up in the counter. Traders can go short in a range of Rs 147-150 with target price of Rs 138 and maintain stop loss above Rs 154.