6 intraday picks to make smart gains

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vishal Kshatriya of Edelweiss Securities and Pritesh Mehta of IIFL, 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.

Manas Jaiswal of manasjaiswal.com Reliance Communications (RComm) has made a double bottom formation near to Rs 144 and yesterday it witnessed good buying interest, made morning star pattern on daily chart, so one may see further recovery. The stock can test Rs 156 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 147. Punj Lloyd has broken the neckline of inverse head and shoulder pattern on the daily chart with good volumes so one may see further recovery. The stock can test Rs 31 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 26.
Vishal Kshatriya of Edelweiss Securities
I have a long call on ITC. The stock has given flag pattern breakout with good volumes placed on its daily chart. Technical oscillators are also trading with a positive bias. Traders can initiate long with a target price of Rs 375 and stop loss below Rs 335.
I have a short call on IDFC. The stock has reverted from its trend line resistance placed on its daily chart. Derivatives data also indicates short build-up in the stock. Hence I recommend going short in IDFC in a range of Rs 95 to Rs 96 with a target price of Rs 88, maintain stop loss above Rs 100.

Pritesh Mehta of IIFL
I have a buy call on Escorts. The stock had a terrific rally in early August from Rs 66 to Rs 94 levels and thereafter for the next four weeks the stock consolidated at the top, which is considered to be a bullish sign. The stock is breaking on the upside. Buy for a target of Rs 99 with a stop loss of Rs 91.
I have a buy call on Bajaj Finserv. For last two months the stock has been moving in a range, buying opportunities were also limited because this stock was moving in a range bound consolidation phase. On Tuesday a narrow and range bound trade has broken on the upside. We can also see a rounding bottom formation. So, buy above Rs 630 with stop loss of Rs 620 for a target of Rs 655 in next two-three trading sessions.