Super Six trading picks for the day

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
I have a sell call on Jubilant Foodworks. In my opinion the stock is about to complete 70% retracement of the fall from Rs 890 to 710. We would like to short the stock around the current levels with a stop loss being placed above the Rs 850 levels on a closing basis. Going forward I expect a very swift decline to a level of Rs 700 on the stock in coming days.
I have a sell call on Idea. Short term peak is indicated on the stock by the candlestick charts. We would like to short closer to Rs 95-96 with the stop loss being placed above the Rs 100 on closing basis. I expect a level of Rs 86 on the stock in coming days.
  Abhijit Paul, Brics Securities
Auto stocks have gains the maximum in this recent bounce back from the market. TVS Motor is one stock that I am closely watching into. The stock has moved into a nascent uptrend and as long as it hold above Rs 55 it's likely to inch further up. Buy at current prices using a stop loss at Rs 49.5 and on the upside target is at Rs 62.
The downside for IDFC is quite restricted from here on. Look to buy into the stock at Rs 124-125 using a stop loss at Rs 119 and on the upside target at Rs 134.
Rajesh Jain, Independent Market Strategist
Auto stocks are having good move in last 2 days. In such a rally one can buy TVS Motor near support price of Rs 54 keeping a stop loss of Rs 53 for higher targets of Rs 58 plus in coming days. Karnataka Bank had a sharp fall in last one month but in last 2 days it has taken a good counter rally. It has a lot of resistance in zone of Rs 108-110 where one can short with stop loss of Rs 113 with lower target of Rs 97.