6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Securities, Vikrant Jadeja, vibranttrades.com and Vishal Malkan, malkansview.com, 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.

Rajesh Jain, Religare Securities Biocon has been trading sideways and has formed a flag pattern on the daily chart. The stock has been holding above its long-term averages indicating accumulation in strong hands. One can go long in the stock between Rs 285-287 keeping a closing stop loss of Rs 282 for higher target of Rs 300. Shriram Transport Finance holds a higher strength and now the stock has also completed its consolidation. Shriram is likely to witness strong surge in the near future. One can buy the stock between Rs 698-704 keeping a closing stop loss of Rs 685 for higher target of Rs 750 levels. Vikrant Jadeja, vibranttrades.com Allahabad Bank has moved from the levels of Rs 123-140 in the last few trading sessions. Looking at the current scenario it seems that for the short-term, stock has peaked out and we may see some kind of lower levels as a retracement on the downside. Sell Allahabad Bank Futures around Rs 136 with closing stop loss of Rs 142, expect a target of Rs 130 in the next one-two trading sessions.
Buy Jubilant Foodworks. After falling almost 150 points from the levels of Rs 1200, Jubilant Foodworks has found support around Rs 1050 and it has bounced from these levels. Going forward in the coming sessions we may see some kind of higher levels in this counter. Buy Jubilant Food around Rs 1090 with closing stop loss of Rs 1060 and expect a target of Rs 1120-1125 in the next one-two trading sessions. Vishal Malkan, malkansview.com
Buy Sesa Goa. It has seen some good volumes in last few days with some consolidation at Rs 150. Bullish candlestick on daily chart, hourly momentum has turned bullish. I recommend a buy with a stop loss of Rs 151 for targets of Rs 158-161.
Buy Sterlite Industries. The sector is underperforming since a long time showing some signs of consolidation at this level. I expect a move to continue in couple of days. I recommend a buy with a stop loss of Rs 89 for target of Rs 94-97.