Super Six intraday picks for the day

On CNBC-TV18's show Super Six, market gurus Pritesh Mehta of IIFL, Shardul Kulkarni of Angel Broking and Vishal B Malkan of malkansview.com, 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.

Pritesh Mehta of IIFL
Buy Berger Paints India. On the daily chart the stock has given a bullish triangle breakout above Rs 225 thus bringing an end to its consolidation phase. Now the stock has also been forming a pattern of higher bottom which suggests strength in Monday’s breakout. Above Rs 229 one can buy for a target of Rs 245 with stop loss of Rs 222.
Buy Jubilant Foodworks. This is not even a day trade, not also a short-term swing trade but traders need to buy it and hold it for at least two weeks period because stock has corrected and came to a string support. Thereafter there was a period of sideways consolidation and now the stock has given a breakout from the inverted head and shoulder pattern. The stock is beginning a new uptrend. Buy for a target of Rs 1230 with stop loss of Rs 1060.
Shardul Kulkarni, Angel Broking
Sell Bank of India September Futures. Banking stocks have lost significant ground in yesterdays trading session and Bank of India continues to be in a strong lower top lower bottom cycle. Going forward we recommend selling BOI September Futures below the levels of Rs 170. Sell below Rs 170, stop loss would be at Rs 174 for a target of Rs 162 over the next three-four trading sessions.
Sell IDFC. The chart structure is a very strong lower top lower bottom cycle and the price action in yesterdays trading session as well as the momentum oscillators suggest further downside over the next four-six trading sessions. Sell the September Futures contract with a stop loss of Rs 99 for a target of Rs 82 over the next six-eight days.
Vishal B Malkan of malkansview.com
Buy Tech Mahindra. It has outperformed the market as well as the sector in last couple of days by moving up and above the resistance of Rs 1320. For today I have a stop loss of Rs 1315 for target of Rs 1360-1375.
Sell United Spirit. It has been forming indecisive candles on daily charts in the last four-five days. Hourly momentum has already entered into bearish zone. For today I have a sell call for stop loss of Rs 2530 for targets of Rs 2460-2440.