Super Six buy/sell calls for December 13

On CNBC-TV18's show Super Six, market gurus Vikrant Jadeja of Vibrant Trades, Shrikant Chouhan of Kotak Securities and Meghana V Malkan, malkansview.com share, 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.

Vikrant Jadeja, Vibrant Trades In the second half of last trading sessions, Clariant Chemicals India has seen some kind of positive momentum with increment in good volumes, which suggests that soon stock may touch its lifetime high of around Rs 645. So one can accumulate this stock at current market price with a stop loss of Rs 594 on closing basis. Expect a target of more than Rs 645 in the next one-two trading sessions. On daily as well as higher timeframe intraday charts, positive momentum in UB stocks suggests that the positive momentum may continue in coming sessions also and we may see a rate of more than Rs 850 going forward in United Breweries for the long positions. One can maintain a stop loss of Rs 798 on closing basis for the long positions in UBL.
Shrikant Chouhan, Kotak Securities For the day my first trade is to trade short Bajaj Auto. The stock closed below the rising wage formation, which leads to further more fall in the near-term. As it closes below that particular level we are expecting the stock to touch Rs 1,900-1,890 in the next few days of time. We can trade short today at current levels with a final stop loss at Rs 1,970. For the day my second trade is to trade long Sesa Sterlite, which closed at Rs 193-194 levels. It is the most outperforming stock of the overall Nifty basket and even if we compare with the other metal basket then in that also the stock is outperforming. We can trade long at current levels with a final stop loss at Rs 191 for the target of Rs 202 on the higher side.
Meghana V Malkan, malkansview.com My first pick is a sell on Tech Mahindra. This stock is resisting crossing Rs 1,760 levels where it has formed some bearish candlestick patterns in the last few trading sessions. RSI is also not able to move pass Rs 60 levels. In yesterday’s trading session it has closed below the 20 period moving average, so I would recommend a sell with a stop of Rs 1,690 for lower targets of Rs 1,640 and Rs 1,610. My second pick is a buy on Adani Power. The recent decline in this stock is halted at Rs 38 levels which is an original rectangle breakout zone. RSI is also halted at Rs 60 levels. Moreover the volumes have been very dry on decline, so I would expect the uptrend to continue further from here. Hence a buy with a stop loss of Rs 37.80 for higher targets of Rs 41 and Rs 42.50.