6 intraday picks to make smart gains

On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Vikrant Jadeja of Vibrant Trades and Rajeev Agarwal of dynamixresearch.in, 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 Malkan, www.malkansview.com

Sell Power Grid. It has broken an important support of Rs 115 on daily basis. Price has started tagging the lower Bollinger band. I recommend a sell with a stop loss of Rs 116 for targets of 112 and 110.

Sell Tata Motors. It has broken an important support of Rs 250 on daily basis. Price has started taking the lower Bollinger band on hourly charts. Momentum is bearish on hourly charts. I recommend a sell with a stop loss of Rs 253 for targets of Rs 244 and 242.

 

Vikrant Jadeja, Vibrant Trades

Buy Apollo Tyres at current market price with Rs 84.25 as stop loss on closing basis and expect a target of Rs 90 in 2-3 trading sessions.

Buy Wipro. As indicted by the CNX IT index technology stocks are likely to move up soon. Buy Wipro at current market price with stop loss of Rs 344 on closing basis and expect a target of Rs 357-359 in next 1-2 trading sessions.

 

Rajeev Agarwal, www.dynamixresearch.in

Sell Syndicate Bank. After RBI credit policy, banking sector is under pressure now and this weakness may persist further. On intraday charts Syndicate Bank has given head and shoulder breakout, so one can sell it in the range of Rs 117 with a stop loss of Rs 122 and hold for lower targets in the range of Rs 111-108.

No cut in interest rates is quite disappointing for realty sector also. One can sell Indiabulls Real in the range of Rs 58-59.50 and keep a stop loss above Rs 61 and hold for targets of Rs 55-52 in short term.