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Super Six intraday picks for May 17

On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Rajesh Jain, Religare Securities and Manas Jaiswal of manasjaiswal.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.

May 17, 2012 / 09:42 IST
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On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Rajesh Jain, Religare Securities and Manas Jaiswal of manasjaiswal.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.

Manas Jaiswal of manasjaiswal.com Short Dabur India with a stoploss at Rs 107 for target of Rs 98
The stock was trading in the range of Rs 105 and Rs 108 for last 7-8 trading sessions, but yesterday it broke this range downside. On daily chart, it is making head and shoulder pattern which is a bearish sign. So we may see further weakness in the stock and stock can test Rs 98. One can go short with stoploss of Rs 107. Short BHEL at current market price with a stoploss at Rs 213 for target of Rs 200
The stock is continuously making lower tops and lower bottoms on the daily chart and yesterday it broke the support of Rs 211 with higher volumes. So we may see further weakness and stock can test Rs 200 in couple of trading sessions. One can go short at current levels with stoploss of Rs 213. Vishal Malkan of malkansview.com Buy Zee Entertainment with a stoploss at Rs 122 for targets of Rs 127 and Rs 129
It has formed a bullish engulfing pattern on daily charts. Hourly charts have started tagging on the upper Bollinger band. I recommend a buy with a stoploss of Rs 122 and target of Rs 127 and Rs 129. Sell Tata Communications with a stoploss at Rs 215 for targets of Rs 199 and Rs 203
It has started tagging on the lower Bollinger band. The momentum is bearish on hourly chart. I recommend a sell with a stoploss of Rs 215 and target of Rs 199 and Rs 203. Rajesh Jain, Religare Securities Buy Dr Reddy's Labs at Rs 1,660 with a stoploss at Rs 1,640 for target of Rs 1720
Pharma stocks have been performing well but Dr Reddy's corrected from Rs 1,800 in last one month. One can buy the stock near Rs 1,660 levels keeping a stoploss of Rs 1,640 and target of Rs 1,720. Buy Delta Corp at Rs 55-57 with a stoploss at Rs 53 for target of Rs 66
Delta Corp closed sharply higher yesterday on strong volumes when Nifty was correcting. On weekly charts the stock is trying to make a double bottom which is bullish. One can accumulate the stock between its support range of Rs 55-57 keeping a stoploss of Rs 53 and target of Rs 66.
first published: May 17, 2012 08:28 am

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