Super Six: Top chart picks for today

On CNBC-TV18's show Super Six, market gurus Kunal Saraogi, Ashish Kyal and Digesh Shah, 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.Kunal Saraogi of EquityrushMy first stock call for the day will be a buy on Federal Bank. Ahead of the credit policy, I think banks are likely to be in focus. Federal Bank has been outperforming the market. It broke out in yesterday's trade, can be picked up with a stoploss at Rs 52 and a target of Rs 56. My second pick will be a buy on Biocon. It has been outperforming all through and it broke out decisively on the charts in yesterday's trade. Can be bought with a target of Rs 760 and a stoploss is at Rs 715.Ashish Kyal of wavesstrategy.comFirst stock for today on the buy side is Kotak Mahindra Bank. One can create long positions on Kotak Bank because it has managed to bounce back from the pivot low of Rs 740 and has consistently formed higher high and higher low pattern. So the trend remains positive as of now and one can create long positions on Kotak keeping a stoploss of Rs 745 for the target of Rs 792 on the upside.Next call is on the sell side and is from the pharmaceutical space which has been underperforming. The stock is Lupin. The down-move should continue from here in Lupin and one can create a short position keeping a stoploss of Rs 1,465 for the target level of Rs 1,345 on the downside.Digesh Shah of Veracity FinFirst call is buy on Jain Irrigation. The undertone of this stock is very much positive. After a consolidation, near 89-day exponential moving average (EMA), the stock is showing positive momentum. Looking at intraday chart, we feel that the stock is ready to trade higher. So Jain Irrigation is a buy with price target of Rs 69.25, maintain a stoploss below Rs 63. Second trading idea would be buy on Bajaj Auto. The stock gave a good breakout of multi-month resistance during previous week. We feel that in coming trading sessions, the stock will inch up higher. So Bajaj Auto is a buy with a price target of Rs 2,690, maintain a stoploss below Rs 2,590.