Super Six short term picks for June 19

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vikrant Jadeja of Vibrant Trades and Shardul Kulkarni of Angel Broking, 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
Tata Motors (DVR) is making lower tops and lower bottoms on a daily chart. Yesterday it broke the support of Rs 152 with higher volumes, so we may see further weakness. The stock can test Rs 145 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 153. NMDC was trading in a range of Rs 110 to Rs 107 for last four-five trading sessions but now it has broken this range downside with higher volumes. We may see further fall. The stock can test Rs 102 in next two-three trading sessions. One can go short at current levels with a stop loss of Rs 109. Vishal Kshatriya of Edelweiss
My first pick for the day is going long on HCL Technologies. The stock has given declining trendline breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. Derivatives data indicates long build up in the stock. Traders can go long at current market price with a target price of Rs 820 and stop loss below Rs 750.
My second pick for the day is going long on Kotak Mahindra Bank. Stock has given inverted head and shoulder pattern breakout with good volumes. Technical oscillators are also trading with a positive bias. Derivatives data indicates long build up in a stock. I would recommend traders to go long at current market price with a target price of Rs 800 and Rs 810, maintain stop loss below Rs 750. Shardul Kulkarni of Angel Broking
The first stock that we will recommend is a sell call with regards to IDFC June futures. The overall chart structure clearly indicates a strong lower top, lower bottom cycle. The placement of momentum oscillators indicates that the next leg of the down will begin going forward. Thus we recommend selling this particular June futures contract below the levels of Rs 142.50, place a stop loss at Rs 145.75 and trade bearish for a target of Rs 132 over the next three-five trading sessions.
The second stock that we will recommend is also a sell call with regards to Sintex Industries June futures. The chart structure indicates that there is a trendline breakdown in case of this particular counter and going forward lower levels maybe seen. We recommend selling this particular June futures contract in the range of Rs 46-46.50, place a stop loss at Rs 48 and trade bearish for a target of Rs 42 over the next six-eight trading sessions.