Super Six intraday picks for the day

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Super Six intraday picks for the day

On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment, Nooresh Mirani, AMSEC and Vishal B Malkan, CMT, www.malkansview.com, 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 Punj Lloyd See messages about Punj Lloyd

On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment, Nooresh Mirani, AMSEC and Vishal B Malkan, CMT, www.malkansview.com , 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.

Arunesh Madan, Founder and Director of Augment Investment

I have a positional sell call in SBI as I believe that on the daily candlestick charts a very bearish formation has been formed. Look to short closer to Rs 1770-1775. Place stoploss above Rs 1825 and target of Rs 1650 in next 5 trading sessions.

I have a short call on Bharti Airtel as I believe stock has broken down from a head and shoulder pattern with decent volumes. Look to short in the range of Rs 345-350 with stoploss above Rs 360 and target of Rs 315-320 in coming days.

Vishal B Malkan, CMT, www.malkansview.com

Yesterday Hero Motocorp broke the support of Rs 1990 along with breaking an important trend line. I recommend a sell with stoploss of Rs 2015 and target of Rs 1960 and 1930.

Bata India has closed below the resistance of Rs 595 with huge volumes yesterday. I recommend a sell with stoploss of Rs 595 with a target of Rs 562 and 550.

Nooresh Mirani, AMSEC

Sell Punj Lloyd with a target of Rs 40 and stoploss of Rs 46.50. The stock has made new 52 week lows yesterday and this indicates the stock may see much more selling pressure. In the current market conditions we could see lot of infra stocks seeing a beating. So I would expect the stock to go to Rs 40 or even lower in short term.

Sell Andhra Bank with a target of 88 and stoploss at Rs 98. The stock has hit new lows yesterday and I would expect the down trend to continue and go to Rs 88 in the short term.