Super Six trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Jay Thakkar, Manav Chopra and Gaurav Bissa Trades 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.Jay Thakkar of SharekhanMahindra & Mahindra Financial Services has completed the retracement of its previous impulse pattern and since past three to four days it has been consolidating and taking support around Rs 252 levels. Hence I think that it will retrace its entire fall on the upside. The indicators are also given a positive divergence along with a good accumulation seen in the lower levels. Hence I think that on the upside one can see levels of Rs 269 whereas the stoploss can be placed at Rs 251. Second is a buy call on Ambuja Cements. This stock too has a similar pattern as that of M&M Finance. It has an impulse pattern on the daily charts after which it retraced in the wave to and now with the higher-top and higher-bottom formation on the early charts I think this stock is poised to inch towards the levels of Rs 241 which is the target in the short-term where the stoploss can be placed at Rs 225. Manav Chopra of Networth Stock BrokingMy first buy call on Idea Cellular, the stock has formed a very strong reversal formation at the crucial support levels of Rs 164. The prices are managed to breach its yesterday’s highs. Looking at the overall mean reversion formula the prices would be testing its upper range of Rs 180 levels in the near-term perspective. The momentum indicator on the lower time frame charts has also bounced from its oversold territory. With the volumes sat-up I think the prices would see a good short-term upmove in the near-term perspective. On the lower side Rs 166-167 would act as a strong support and we recommend a buy with a stoploss of Rs 164 and expect an upside target of Rs 180. My second buy call is on Tata Motors. The stock on the daily chart has been forming an inverse head and shoulder pattern and looking at the overall formation the prices also yesterday formed a bullish engulfing pattern which indicates a short-term bottom in place. With lot of momentum indicators are showing a positive divergence on the lower timeframe charts the prices are likely to confirm a trend reversal single in the near-term perspective. We recommend a buy at the current levels with a stoploss of Rs 370 for an upside target of Rs 410.Gaurav Bissa of LKP SecuritiesMy first recommendation today is buy on Idea Cellular. The stock has seen a decent amount of short covering, it has already stared and if it persists for another couple of trading sessions I feel it can get a up around Rs 175 odd levels, so I recommend going long in Idea for a target of Rs 175 keeping a stoploss at Rs 164.Second recommendation today is buy on Voltas. This stock has seen fresh long positions. Technically speaking it has come out of a trading range on a very short-term chart, I would say it is a breakout. The levels of Rs 340 can be seen in this stock. I recommend going long with the stoploss of Rs 320.