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6 intraday picks to make smart gains

Published on Wed, Jan 25, 2012 at 08:34 | Source : CNBC-TV18

Updated at Wed, Jan 25, 2012 at 09:35

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On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Shardul Kulkarni of Angel Broking, 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.

Hemen Kapadia, CEO, chartpundit.com

Buy Century Textiles . The stock has closed above the 55 day exponential moving average, it has given mini breakout most of the daily mechanical indicators are supporting the move. The stock looks great to appreciate further from here. One can buy it at Rs 264 with a stoploss of Rs 261 and a target of Rs 270. This is a shorter term call valid from an intra day point of view.

Bajaj Holdings has reflected significant strength on the hourly charts. There have been a couple of round of positive divergences, the daily indicators are supporting the move, infact the scrip looks to give a mini breakout from here, indicating that it is a good near term buy. One can buy it at around Rs 667 with a stop loss of Rs 662 and a target of Rs 677.

Vishal B Malkan, CMT, www.malkansview.com

Sell Grasim . It has formed a bearish pattern on daily chart; momentum is also bearish on hourly charts. I recommend a sell with a target of Rs 2465 & 2440 with a stop loss of Rs 2515.

Buy Apollo Tyre . It has formed a bullish candlestick pattern on hourly charts as well momentum is bullish on hourly charts. I recommend a buy with a stop loss at Rs 66 for targets of Rs 70 & 71.50.

Shardul Kulkarni of Angel Broking

The first stock that we would recommend for today is GMR Infra . The stock has given a clear breakout on the daily charts plus we are seeing the 200 day exponential moving average, which was resistance for the stock has now been overcome. Buying is recommended only above Rs 29.65, stop loss is at 28.6 & the target that would expect in the next 5-7 trading sessions is 30.5.

The second stock for the day is DLF on the sell side. Inspite of strong rally in the markets in yesterday's trading session the stock has actually closed in negative, the 200 day exponential moving average provides resistance for this particular counter, also stock has run up from Rs 172 right upto 220 levels. Selling is recommended only below Rs 214, the target price on the lower side is at RS 195 and stop loss should be placed at Rs 221.5.