Super Six intraday picks for May 21

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss Securities, Shardul Kulkarni, Angel Broking and Sanjeev Agarwal of Dynamix Research & Capital, 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, Edelweiss Securities Go long on Bata India at current market price with a stoploss at Rs 850 for target of Rs 910
Overall trend in the stock is positive which is indicated by formation of higher tops and higher bottoms on daily and weekly charts. On Friday momentum oscillators on daily chart have given a fresh buy signal. I am expecting stock to resume its previous uptrend in days to come and hence I recommend going long at current market price with target price of Rs 910 maintaining stop loss at Rs 850. Short Ambuja Cements at current market price with a stoploss at Rs 149 for target of Rs 138
Ambuja has given a breakdown of its rising trendline based on its hourly chart. Momentum oscillators on intraday chart continue to trade the negative bias. On Friday stock exactly reverted from its resistance of 20 DMA. Open interest data indicates short build up in the stock; this clearly indicates that there is a supply in the stock near its resistance area. I would recommend going short at current market price with target price of Rs 138 maintaining stop loss at Rs 149. Shardul Kulkarni, Angel Broking Buy CESC at Rs 270-275 with a stoploss at Rs 258 for target of Rs 295
The charts look quite bullish for CESC with an inverted head and shoulder pattern on the daily charts, thus we recommend buying CESC in the range of Rs 270-275. Stop loss on the lower side should be placed at Rs 258 and the target price that we look for in the next three to five trading sessions is Rs 295. Sell Jubilant Foodworks below Rs 1120 with a stoploss at Rs 1150 for target of Rs 1050
We expect the stock price to move lower over the next couple of trading sessions on the back of momentum indicators moving in the overbought zone to the oversold zone. Thus we recommend selling Jubilant Foodworks May futures below the levels of Rs 1120 with a stop loss of Rs 1150 and a target price in the next five to six trading sessions at Rs 1050 levels. Sanjeev Agarwal, Dynamix Research & Capital Buy Bata India at current market price with a stoploss below Rs 815 for target of Rs 920-950
This stock has been showing very good strength for the last two or three months. It has been in a classical uptrend. In a recent fall this stock was outperforming the market and was refusing to go down. We can buy at current market price and decline upto Rs 850 with a stop loss below Rs 815 for a target of Rs 920-950. Buy ICICI Bank at current market price with a stoploss below Rs 750 for target of Rs 850-900
This stock has been falling in a general banking weakness for last 15 days. We can buy it at current market price and a decline also with a stop loss below Rs 750 for a target of around Rs 850-900.