Super Six stocks you can bet on December 06

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.co, Hemen Kapadia of KR Choksey Securities and Gaurav Ratnaparkhi of Sharekhan 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.

Manas Jaiswal, manasjaiswal.com Canara Bank has broken the neckline of inverse head and shoulder pattern on the intraday charts with very good volumes. So we may see a sharp upmove. The stock can test Rs 270 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 254. IRB Infrastructure Developers is making higher tops and higher bottoms on the daily chart. Yesterday it has broken its 200 day moving average (DMA), so we may see further upmove. The stock can test Rs 105 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 96. Hemen Kapadia, KR Choksey Securities I have a buy call on Hindustan Petroleum Corporation (HPCL). It has reflected strength by posting a fresh 18 trading session high. Most of the daily mechanical indicators are in the buy mode, have reflected a little bit of strength. In fact, it has given a mini breakout on the intraday charts. The stock looks set to appreciate further from here. One can buy HPCL at its closing of around Rs 223 with a stop loss of Rs 220 and a target of Rs 229. I have a sell on Aurobindo Pharma. It has reflected the weakness by almost giving a downward bar reversal on the daily chart. The mechanical indicators are reflecting weakness after showing negative divergence indicating the scrip’s intention to depreciate further from here. One can sell Aurobindo Pharmaceuticals at a closing of around Rs 303 with a stop loss of Rs 306 and a target of Rs 297. Gaurav Ratnaparkhi, Sharekhan I have a buy call on Godrej Industries. Since last few weeks it has been trading in between two converging trendline. In terms of price pattern, it has formed a running triangular pattern which is a bullish pattern in this particular trade. The daily momentum indicator has given a fresh buy signal. Even the risk reward ratio is excellent to initiate fresh long positions. So one can buy these stocks with a stop loss of Rs 273 for target of Rs 293 and timeframe will be 2-3 sessions. My next pick is Jain Irrigation Systems. It has been moving up in a medium-term rising channel and on the occasions of minor degree dips, it has been taking support in the lower channel line. Currently the stock is trading near the lower channel line. So, fresh round of buying can be seen in this counter, which can take it to significantly higher levels. From trading perspective, stop loss can be placed at Rs 68 and target will be Rs 73.