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 Educomp Sol See messages about Educomp Sol

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

Educomp has broken out of an ascending triangle on the higher side. One can buy the stock near its support of Rs 228-230 which is an important support. Keep stoploss of Rs 220 and target of Rs 250.

DLF closed sharply higher yesterday and gave a fresh break on the higher side. One can buy at CMP with a stoploss of Rs 220 and target of 240.

Rakesh Gandhi of LKP

Tata Elxsi has formed head and shoulder formation and has seen a huge breakout with good volumes above the neckline of Rs 210. For a short term it can be bought for a target of Rs 235 and stoploss of 215.

Kajaria Ceramics has been consolidating since last 6 months and has seen breakout above its all time high of Rs 124 yesterday. I believe further the momentum is likely to increase and stock can be bought for a target of Rs 140 and stoploss at Rs 116.

Vishal Kshatriya of Edelweiss

My first pick for the day is going long on ACC . The stock has generated trend line breakout along with good volumes placed on its daily charts. Momentum oscillators on intraday as well as daily charts continue to trade with a positive bias. Open Int data indicates marginal long build up in the stock. Traders can go long at CMP with target of Rs 1300 and stoploss at Rs 1225.

My second pick for the day is going long on HCL Tech . The stock has generated triangle pattern breakout along with good volumes placed on its daily charts. Momentum oscillators on daily charts have given a buy signal. Open Int data indicates aggressive long build up in the stock. Traders can go long at CMP with target of Rs 485 and stoploss at Rs 445.