6 intraday picks to make smart gains

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Manav Chopra, CMT Technical Research Analyst at Nirmal Bang and Rakesh Gandhi of FRR share, 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 TV Today Network has made a piercing pattern on the daily chart and oscillators are showing positive crossovers, so we may see a bounce back. The stock can test Rs 87 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 80.50.
Colgate Palmolive (India) has made a bullish engulfing pattern on the daily charts and oscillators are showing positive crossover. So we may see a recovery. The stock can test Rs 1,480 in the next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 1,420.
Manav Chopra, CMT Technical Research Analyst at Nirmal Bang
My first sell call is on Reliance Power (RPower). The stock has breached a rising trendline drawn from its recent lows which suggest a short-term trend reversal. The stock has also managed to close decisively below the crucial support levels with a big bearish candle accompanied by sharp volumes. The stock is also currently trading below its short-term averages, which suggests that Rs 74 levels will be crucial hurdles on the upside. One can maintain a sell on rise approach with a stop loss of Rs 75 for a downside target of Rs 68. Andhra Bank after couple of weeks of consolidation has managed to decisively close below the crucial support levels, which has indicated a continuation of the downtrend. The recent breakout has accompanied by above average volumes, which further validates it. One can maintain a sell on rise approach with a stop loss of Rs 90 for a downside target of Rs 82. Rakesh Gandhi of FRR Share Reliance Communications has seen a stupendous rally since last week of March from the low of Rs 50. Since the first week of May, the stock has remained in a sideways kind of a trend forming a double top kind of pattern having a neckline at around Rs 105. Once it breaks level of Rs 105 and trades below that, lower levels can be seen in next few days. Hence it can be sold below Rs 105 for a target of Rs 90 with a stop loss of Rs 112.
In last few weeks, Allahabad Bank has remained in a sideways kind of trend forming a bearish head and shoulder pattern having a neckline at around Rs 122. Yesterday, the stock has closed very much near to that neckline. Once it trades below Rs 120, the downward momentum will pick up and hence it can be sold below Rs 120 for a target of Rs 110 and a stop loss of Rs 126.