Super Six trading ideas for August 12

On CNBC-TV18's in Super Six show, market gurus Arunesh Madan of Augment Investment, Abhijit Paul of Brics Securities and Rajesh Jain, Independent Market Strategist, 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.

Arunesh Madan, Augment Investment
Sell Maruti Suzuki. I believe the current uptrend in the stock has run its course. The stock has faced resistance at a level of Rs 1280. We would like to short this stock closer to a level of Rs 1250-1255 with stoploss above Rs 1280 and I expect a level of Rs 1170 on the stock in coming days.
I have a sell call on Axis Bank as I believe that the chart structure is about to break down on the downside. The stock can be shorted closer to a level of Rs 1220-1225 with stop loss above Rs 1250. Going forward I expect a level of Rs 1165 to be hit on the stock in coming days.
Abhijit Paul, Brics Securities Lanco Infratech is in a downtrend in all time frames but I sense that the support range of Rs 17 and 18 should hold the stock. Look to buy once the stock moves above Rs 18.5 that is where it moves into a short term uptrend. Use a stop loss of Rs 16.5 and on the upside targets are at Rs 20.5 and 22. Bank of Baroda is still in a downtrend across all time frames. Look to initiate a short trend once it breaks Rs 830 using a stop loss at Rs 860. The downside target is at Rs 770.
Rajesh Jain, Independent Market Strategist
EID Parry after moving up in last 2 months has been correcting in last 10 days but now again has started an upmove. One can buy it near Rs 250, keeping a stop loss of Rs 240 for target of Rs 265. Federal Bank had been falling but now has been taking a counter rally for last 3 days. One can short near Rs 410 with stop loss of Rs 420 for lower targets of Rs 385.