6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Manav Chopra of Nirmal Bang, Rajesh Jain of Religare Sec and Rakesh Gandhi of FRR shares, 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.

Manav Chopra of Nirmal Bang GVK Power has given a breakout from a bullish symmetrical triangle pattern with a big bullish candle accompanied by sharp volumes. The stock is also currently trading above its long-term and short-term averages and has a very strong support at Rs 14.50 on the downside. One can maintain a buy-on-dips approach with a stop loss of Rs 14 for a target of Rs 19. Tech Mahindra after taking support at its long-term average has breached its recent swing high which is very positive for the stock. The momentum indicators on the daily chart continue to remain in the buy mode and one can expect this stock to test its September highs. One can maintain a buy on this stock with a stop loss of Rs 940 for a target of Rs 1,040.
Rajesh Jain of Religare Sec Adani Power has witnessed a sharp run-up from Rs 46-69 levels. After that the stock took a correction and is unable to go higher and it is facing a lot of resistance. One can short the stock at any bounce near Rs 63.50 levels keeping a closing stop loss of Rs 65 for lower target Rs 58 to be achieved in coming days.
Banking stocks are taking a rally. Dena Bank has witnessed some profit taking since last two trading sessions, but now the stock can bounce back again. One can buy the stock at current price for a target of Rs 130 to be achieved in coming days and maintain a stop loss of Rs 121 for the same.
Rakesh Gandhi of FRR shares
My first pick of the day is Bombay Burmah. The stock has been remaining below Rs 130 since last eight months. Yesterday after sustaining above Rs 130 the stock saw a very strong upward move with huge volumes. Further it has also crossed the high seen in August 2010 indicating that it could see further higher levels and hence can be bought at current price or even at declines up to Rs 140 for a target of Rs 180 with a stop loss of Rs 130.
My second pick for the day is Aurobindo Pharma Futures. The stock has continuously rallied from Rs 140 level and found resistance around Rs 200 level. Failing to cross the resistance level it has broken a rising trendline and short-term average has also crossed downwards indicating there would be further downward pressure and hence it could be sold for a downward target of Rs 180 with a stop loss of Rs 197.