Super Six intraday picks for May 8

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rakesh Gandhi of LKP and Sanjeev Agarwal of Dynamix Research & Capital Mgmt, 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 First pick is NCC. After sharp decline from the level of Rs 60 yesterday it took support and bounced back sharply. On the daily chart it made a hammer pattern and oscillators are in the oversold zone. So a recovery is possible. One can buy the stock at current levels with stop loss of Rs 41.50. In 2-3 trading sessions the stock can test Rs 48. Second pick is JSW Energy. On the daily chart it made a piercing pattern and oscillators are showing positive crossover. Both are reversal signs, so one can buy the stock at current levels with stop loss of Rs 46. In 3-4 trading sessions the stock has potential to test Rs 53.

Rakesh Gandhi of LKP First call is Titan Industries. The stock has formed the low of Rs 233 yesterday and recovered very sharply to close above Rs 250. The stock could go up to Rs 270 and can be bought for a target of Rs 270 with stop loss of Rs 240. Yesterday the momentum was very sharp and I believe JSPL could close above that Rs 505-506 levels in next 1-2 days and could see level up to Rs 540 and can be bought with stop loss of Rs 485 and target of Rs 540.
  Sanjeev Agarwal of Dynamix Research & Capital Mgmt First stock is HPCL. It has given a very good break out above Rs 305 with decent volume. So we can buy the stock at current market price for target of Rs 315 and stop loss below Rs 300. Second stock is Lanco Infra. This stock has corrected from Rs 25 up to Rs 12.5 and we can buy it at current market price and all declines towards Rs 13 with a stop loss below Rs 12 and target of Rs 16-17.