6 intraday picks to make smart gains

On CNBC-TV18's show Super Six, market gurus Rakesh Gandhi LKP, Shardul Kulkarni of Angel Broking and Arunesh Madan, Founder and Director of Augment Investment, 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.

Rakesh Gandhi LKP Jubilant Foodworks has been remaining in a sideways trend since last more than two months. While remaining in this sideways trend, it has been forming lower tops and lower bottoms indicating that the stock is in a weakness trend. Now as long as the stock remains below Rs 1,200, the probability of seeing levels of Rs 1,100 is quite high hence it can be sold with a stop loss of Rs 1,200 for a target of Rs 1,100.
My second pick for the day is Delta Corp. the stock has closed above its resistance level of Rs 62 with a good volume yesterday. Further it has been forming higher tops and higher bottom formation indicating strength in last few days. The stock can be bought based on this chart structure for a target of Rs 67 with a stop loss of Rs 59.
Shardul Kulkarni, Angel Broking
In case of Manappuram Finance, we are seeing that the stock has clearly given a very strong flag breakout after a brief consolidation in the range of Rs 30-35. We feel that the stock should be bought on declines towards Rs 35, place a stop loss at Rs 33. In the next eight-ten sessions we expect the stock to test Rs 42 mark.
Second stock that we will recommend is Coal India. In case of Coal India August Futures we are seeing that any fall below Rs 350 would trigger further selling pressure in case of stock. Thus we recommend selling Coal India below the levels of Rs 350, place a stop loss at Rs 356. The potential target is Rs 335.

Arunesh Madan, Founder and Director of Augment Investment
Sell Bajaj Finserv in the range of Rs 925 to Rs 930, keeping a stop loss above Rs 950 levels as the stock has formed an engulfing bearish pattern on the daily candlestick charts. The shorts can be added once the stock begins to trade below Rs 909 levels and look for a target of Rs 880 and Rs 862 in the coming days.
Sell ACC in the range of Rs 1,340 to Rs 1,350 as the corrective rally that started in the stock from sub Rs 1,100 levels has come to an end. The stock has formed a negative price pattern on the daily candlestick charts, keep a stop loss above Rs 1,362 levels and look for a target of Rs 1,310 and Rs 1,300 in the coming days.