6 trading stocks for short term gains

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Vishal Malkan of malkansview.com 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.

Vishal Kshatriya of Edelweiss

My first pick for the day is going long on Godrej Industries. Stock has given declining trend line breakout with good volumes on its daily charts. Derivatives data also indicates long built-up in the stock in previous trading session. Traders can initiate long at current market price with a target price of Rs 340. Maintain stop loss at Rs 308.

My second pick for the day is going long on Ambuja Cements. Stock has given declining trend line breakout with good volumes on its weekly charts. Derivatives data of previous trading session also indicates long built up in the stock. Oscillators on daily charts are also trading with a positive bias. Traders can initiate long at current market price with a target price of Rs 203. Maintain stop loss below Rs 184.

Vishal Malkan of malkansview.com

Kotak Mahindra Bank is a buy call. It has formed a bullish candle on daily charts. Hourly momentum is bullish. I recommend a buy with a stop of Rs 690 for targets of Rs 720 and Rs 725.

My second pick is Shree Renuka Sugars. It is a buy call. Based on positive news on Friday it has moved up good on daily charts as well as hourly charts. I recommend a buy with a stop of Rs 16.50 for targets of Rs 18 and Rs 18.50.

Rajesh Jain of Religare Securities

ACC has closed at its past six weeks highest levels. On the intraday chart the stock is on the verge of forming an inverted head and shoulder formation and a break above it can take the stock sharply higher. Investors can buy the stock at current market price keeping a closing stop loss at Rs 1,225 for higher target of Rs 1,280 to be achieved in the coming trading sessions.

Asian Paints is among the few counters that have stood tall even in the falling markets. After a 400 point run up the stock has now retraced by 200 points. After three consecutive days of profit taking the stock bounced back sharply yesterday indicating bullish momentum to continue. Investors can buy the stock at current market price keeping a closing stop loss at Rs 4,550 for higher target of around Rs 4,800 levels to be achieved in coming days.