Super Six: Top chart picks for Friday

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Ashish Kyal and Sameet Chavan, 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 of manasjaiswal.comMy first call is a sell call on India Cements. It is making lower tops and lower bottoms from the low of Rs 95. However, for last few trading sessions, it was taking support near to Rs 70. Yesterday it broke the support of Rs 70 with higher volumes, so we may see further downside in India Cement. It can test Rs 63 so one can go short with a stoploss of Rs 69.Buy Power Finance Corporation with a stoploss at Rs 153 and target of Rs 165Ashish Kyal of wavesstrategy.comFirst stock for today on the buy side is going to be Power Finance Corporation (PFC). This stock has formed an important low near the zone of Rs 140 and has given a positive breakout. Also, this has happened after a sustained sell off. We are seeing a consolidation pattern and this pattern looks to be continuing on the upside now. One can buy PFC with a stoploss of Rs 145 and the target is going to be Rs 170. Next stock is going to be on the sell side, Tata Chemicals. This stock made a top somewhere around Rs 500 last year and it has continued to move lower. There is no relief sign and it has been constantly forming lower highs and lower lows which indicates that the short to medium-term trend is negative. One can sell this stock with a stoploss of Rs 330 and the conservative target can be expected around Rs 295 levels. Sameet Chavan of Angel BrokingFirst call would be to buy HDFC for a target of Rs 1,100 and stoploss can be placed at Rs 988. We witnessed a piercing line pattern on daily chart which is a sign of positive reversal in the near term. Thus looking at the oversold condition of momentum oscillator on daily chart, we expect this move to extend towards Rs 1,100 over the next few sessions. It can be bought by keeping a strict stoploss at Rs 988. Our other recommendation would be to short Infosys for a target of Rs 1,040 and stoploss would be at Rs 1,157. Day before yesterday this stock formed a shorting star pattern around its strong resistance zone of Rs 1,140. This pattern has now confirmed on a closing basis thus we expect an immediate down move towards Rs 1,040 in Infosys. It can be shorted by keeping a strict stoploss at Rs 1,157.