Super Six intraday picks for Feb 9

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Super Six intraday picks for Feb 9

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Nooresh Merani of AMSEC Research and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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 Bank of Baroda See messages about Bank of Baroda

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia of chartpundit.com, Nooresh Merani of AMSEC Research and Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, 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, chartpundit.com

My first pick is Bank of Baroda . It is a buy call. The stock has reflected strength by giving an upward key reversal on the daily charts. Most the mechanical indicators are supporting the move. The stock is quoting above the 55 DMA indicating the possibility of a further upside. One can buy at Rs 800 with a stoploss of Rs 794 and target of Rs 812. This is a shorter term call valid from an intraday point of view.

My second pick for today is Coal India . It is a buy call. The stock has reflected strength by taking support on the 55 DMA. The hourly indicators are showing strength. It has given a mini breakout on the intraday charts indicating possibility of a further upside. One can buy at Rs 333 with a stoploss of Rs 330 and target of Rs 339. This is a shorter term call valid from an intraday point of view.

Nooresh Merani of AMSEC Research

My first call is a buy on NTPC with a target price of Rs 188 and a stop loss to be placed at Rs 174. If we look at the stock for the last many months it was in a range of Rs 150-180. For the last couple of weeks it has been sustaining in this band of Rs 170-178. I expect the stock to breakout above Rs 180 in the near term.

My next stock call is buy on Petronet LNG with a target price of Rs 182 and a stop loss to be placed at Rs 165. The stock is trading above all DMA and it has been in a good trend for the last many months. Yesterday the stock has given a breakout above its decent resistance around Rs 169-170.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd

I have a buy call in MMTC in the range of Rs 880-890. The stock after correcting from Rs 1000 has started 5th wave to the upside. It has target of Rs 985-1000 and stoploss below 850 on a closing basis.

I have a sell call in ICICI Bank in the region of Rs 920-925 as the stock has made an evening start pattern on the daily candlestick charts. Look for a target of Rs 892-895 with stoploss above Rs 940.