6 trading stocks for short term gain

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6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Rajesh Jain of Religare Sec, Rakesh Gandhi of LKP and Vishal Kshatriya of Edelweiss, place their bets on two stocks each, thus offering investors a variety of options to choose from.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Hexaware Tech See messages about Hexaware Tech

On CNBC-TV18's show Super Six, market gurus Rajesh Jain of Religare Sec, Rakesh Gandhi of LKP and Vishal Kshatriya of Edelweiss, 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.

Rajesh Jain of Religare Sec

Hexaware went up sharply yesterday along with good volumes. One can buy near Rs 84 which is important support zone with a stoploss at Rs 82 and target of Rs 90.

Godrej Ind went up yesterday. Overall the stock has been holding itself in a long sideways consolidation zone. A closing above Rs 210 can take the stock to Rs 225. One can buy at CMP and stoploss at Rs 195.

Rakesh Gandhi of LKP

JSW Steel has formed a double bottom pattern in last 5 months and has now closed above the neckline of the double bottom pattern. In next few weeks the stock could see Rs 850 but for intraday it can be bought for a target of Rs 730 and stoploss of Rs 685.

IRB Infra has recovered very sharply from lows of Tuesday and has closed above an important level based on technical. Short term charts indicate that there would be very high momentum and could see higher levels. One can be bought for a target of Rs 185 and stoploss of Rs 169.

Vishal Kshatriya of Edelweiss

My first pick is going long on Hindalco . Yesterday stock has breached and closed above its key resistance zone along with good volumes. Momentum oscillators on daily and intraday charts have given a buy signal. Open Int data indicates aggressive long build up in the counter. Traders can go long at CMP with a target of Rs 158 and stoploss at Rs 143.

My second pick is going long on Tech Mahindra . Yesterday stock has breached and closed above its 200 DMA along with good volumes. Short term oscillators on daily and intraday charts have given a buy signal. Open Int data indicates aggressive long build up in the counter. Traders can go long at CMP with target of RS 690 and stoploss below Rs 635.