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6 intraday picks to make smart gains

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rakesh Gandhi of FRR Shares and Vishal B Malkan, CMT, place their bets on two stocks each, thus offering investors a variety of options to choose from.

December 12, 2012 / 10:18 IST
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On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rakesh Gandhi of FRR Shares and Vishal B Malkan, CMT, 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, manasjaiswal.com United Spirits has taken a support near to 50 percent retracement level of its previous rally and bounced back sharply. On the daily charts, oscillators are showing positive crossover. So now stock can test its previous high of Rs 2,150. One can buy the stock at current levels with the stop loss of Rs 1,950. JSW Energy is making higher tops and higher bottoms on the charts. Yesterday we witnessed good buying interest from lower levels. Now it can test Rs 73 in next 2-3 trading sessions. One can buy the stock at current levels with a stop loss of Rs 67.
 
Rakesh Gandhi, FRR Shares
My first pick for the day is Sun TV. The stock has been in a sharp upward momentum since it has seen a breakout at the level of Rs 370. After the sharp rise, it has broken recently rising support trendline and has also closed below its short-term moving averages indicating the further downside in the stock and hence it can be sold for a short-term target of Rs 380 with a stop loss of Rs 423. Adani Enterprise has seen a breakout from an ascending triangle formation and then it retraced to the level of Rs 250. Once again an upward momentum has picked up and it has also closed above its 100-days exponential moving average indicating a strong upward move developing in the stock and hence it can be bought with a short-term perspective for a target of Rs 295 with a stop loss of Rs 260.
  Vishal B Malkan, malkansview.com
My first pick is DLF. After forming a lower top in last couple of days, it has closed below important level of Rs 220. Momentum is bearish on hourly charts. I recommend a sell with a stop of Rs 223 for targets of Rs 213 and Rs 210.
My second pick is Bharat Heavy Electricals Ltd (BHEL). It has formed bearish pattern on hourly charts. Momentum is bearish, price has started tagging the lower Bollinger band. I recommend a sell with a stop of Rs 240.50 for targets of Rs 233 and Rs 231.
first published: Dec 12, 2012 08:56 am

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