6 intraday picks to make smart gains

On CNBC-TV18's show Super Six, market gurus Arunesh Madan of Augment Investment, Shardul Kulkarni of Angel Broking and Rajesh Jain of Religare Securities, 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.

Arunesh Madan of Augment Investment Allahabad Bank has broken below a very significant support level of Rs 180 in yesterday’s trade. Look to short this stock in the region of Rs 179 to Rs 180, keeping a stop loss above Rs 184 levels on a closing basis and going forward one can expect a target of Rs 174 and Rs 170. Jubilant Foodworks is taking support at a very significant level of Rs 1,240 over the last couple of days. Look to short this stock once it begins to trade below the Rs 1,240 levels, keep a stop loss above the Rs 1,265 levels on a closing basis and going forward we can expect a target of Rs 1,200 and Rs 1,180.
Shardul Kulkarni of Angel BrokingWe are recommending a sell call on GMR Infrastructure. It has shown a clear trendline breakdown in case of yesterday’s trading sessions and going forward we expect further lower targets in case of this counter. Sell the stock in the range of Rs 19 to Rs 19.25. Place a stop loss at Rs 19.85 and trade bearish for a target of Rs 17.25 over the next six-eight trading sessions.
We are recommending a sell on Larsen and Toubro (L&T). The chart structure of L&T shows a very strong lower top-lower bottom cycle and going forward we expect further lower targets in case of this counter. Sell the stock in the range of Rs 1,565 to 1,570. Place a stop loss at Rs 1,585 and trade bearish for a target of Rs 1,520 over the next three-five trading sessions. All the rates are for January Futures.
  Rajesh Jain of Religare Securities Tata Power has broken out from its sideways range on the higher side. Now the stock is bullish. One can buy the stock at any dip near Rs 107-108 levels keeping a closing stop loss of Rs 106 for higher target of Rs 115. Jubilant Foodworks is breaking down from its sideways range and one can short the stock at any counter rally near Rs 1,250-1,260, which is now its resistance, keeping a closing stop loss of Rs 1,285 for lower target of Rs 1,210.