Super Six: Top chart picks for July 7

On CNBC-TV18's show Super Six, market gurus Ashish Kyal, Hemen Kapadia and Ruchit Jain, 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.Ashish Kyal of wavesstrategy.com The first stock pick for today is going to be Colgate Palmolive. We can see that the stock formed a very strong base in the zone of Rs 860-870 and from there, there is an impulsive rise. One can create long positions on Colgate keeping a stoploss of Rs 910 and the target level can be expected at Rs 990 levels.The second stock on the buy side is going to be United Spirits. This stock has been moving strongly after forming a very important pivot low near the zone of Rs 2,350 and so far we have not seen a negative close in this stock. Long positions can be created in United Spirits keeping a stoploss of Rs 2,600 for the target level of Rs 2,820.Hemen Kapadia of KRChoksey Sec I have a buy call on Aurobindo Pharma. It has reflected near-term strength by giving an upward key reversal on the daily chart after taking support at the 55-day moving average. Mechanical indicators on the intraday charts have turned positive, have signalled a buy indicating the stocks intention to appreciate further from here and can buy Aurobindo Pharma at its closing of around Rs 769, stoploss Rs 765 and target of Rs 777.I have a sell call on Bata India. It has reflected near-term weakness by giving a downward key reversal on higher volumes on the daily chart. Mechanical indicators on the intraday charts have turned negative, have signalled a sell indicating the stock intention to depreciate further from here. One can sell Bata at its closing of around Rs 560, stoploss of Rs 564 and a target of Rs 552.Ruchit Jain of Angel BrokingMy first call is a buy call in Coal India. The stock has recently given a breakout from a falling channel and the resistance which was placed at Rs 295-300 was taken out with very good volumes. We are expecting the stock to move higher up to Rs 336 and hence around Wednesday’s closing, one can buy this stock with stoploss below Rs 311 for a target of Rs 336.My second call is a buy call in Aban Offshore. If you observe the positional charts, then after a downtrend, the stock has formed an inverted head and shoulders pattern. On Tuesday’s trading session, the prices have given breakout from inverted head and shoulders pattern which is a reversal pattern and that too, with huge volumes. Hence from short-term trading perspective, one should buy Aban Offshore with stoploss below Rs 218 and target of Rs 260.