Super Six stocks you can bet on October 30

On CNBC-TV18's show Super Six, market gurus Pritesh Mehta of IIFL, Vikrant Jadeja of vibranttrades.com and Vishal Malkan of 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.

Vishal Malkan, malkansview.com Banking gave a huge rally yesterday with good volumes. ICICI Bank seems to be the best pick in the banking sector. I expect the rally to continue for next couple of days. For today, I have a stop loss of Rs 1,060 for targets of Rs 1,090 and Rs 1,110. My second pick is HCL Technologies. It has broken an upward trendline. Momentum is at good support. I recommend a buy with a stop of Rs 1,065 with a target of Rs 1,095 and Rs 1,110.
Pritesh Mehta, IIFL Our first recommendation is buy on Berger Paints India. The stock has been in a strong uptrend since the month of August 2013. In fact, the stock has also given a breakout from a triangle pattern on the daily chart. The stock had been moving within the context of this triangle since July 2013. Now this pattern appears to be maturing because the current upmove hasn’t backed by impressive volumes as well as strong momentum oscillators. Buy above Rs 227 with a stop loss of Rs 220 for a target of Rs 240 in next three-four trading sessions. Our second recommendation is a buy on Shriram Transport Finance Corporation. The stock has formed a bullish piercing line on the daily chart normally this kind of pattern is seen during a downtrending market. The stock has been in a sharp declining mode since last couple of weeks now, so there is a possibility that the stock has bottomed out. Also the stock has given a breakout of falling wage pattern on the daily chart. We expect a sharp upmove in the near-term. Buy above Rs 570 with a stop loss of Rs 560 for a target of Rs 600. Vikrant Jadeja, vibranttrades.com On daily charts of Housing Development Finance Corporation (HDFC), as per technicals, we have seen a good breakout from a trading range which was prevailing since last few trading sessions. So one can easily go long at current market price with a stop loss of Rs 820 on closing basis, expect a target of Rs 870 on daily charts. One can go long in Oil and Natural Gas Corporation (ONGC) counter at current market price with a stop loss of Rs 285. Expect a target of Rs 300 in the next one-two trading sessions as we could expect some kind of follow-through of the breakout, which was seen in last trading sessions with increased volumes.