Super Six intraday picks for April 11

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Rajesh Jain, EVP Retail Research, Religare Sec and Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss, 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, Technical Analyst, manasjaiswal.com
My first pick is Tata Motors. For last 15 days stock was trading in the range of Rs 268 to Rs 282 but yesterday it broke this range upside with higher volumes. So possibly stock can test its recent high of Rs 297 in couple of days. So, one can buy the stock at current levels with a stop loss of Rs 278.
My second pick is Punj Lloyd. After taking support near to 50% retracement level of the recent rally, the stock bounced back sharply yesterday and made a hammer pattern on the daily chart, which is a bullish sign. So possibly stock can test Rs 61 in next one-two trading sessions. One can buy it with a stop loss of Rs 55.

  Rajesh Jain, EVP Retail Research, Religare Sec Welspun Corp was taking a sideways correction for the last one and a half month but is now near its important supports of Rs 130. One can buy the stock at current price keeping a closing stop loss of Rs 130 for higher target of Rs 148.
Yesterday when markets were sideways, the banking stocks were moving higher on volumes. One can buy Dena Bank at current price keeping a closing stop loss of Rs 90 for higher target of Rs 110.
Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
My first pick for the day is going long on Jet Airways. Stock has given breakout of its declining trend line placed on its daily chart. Open interest data indicates aggressive long build up in a counter. I am expecting stock to trade with the positive bias in days to come and recommend going long in the range of Rs 340 to Rs 345 with target price of Rs 365 maintaining stop loss at Rs 328.
My second pick for the day is going long on HDIL. Yesterday the stock managed to bounce back from its support of Rs 85 that too along with good volumes. Besides this it has also given a breakout of its declining trend line placed on its intraday chart. Short-term oscillators have given a buy signal. Traders can go long at current market price with target price of Rs 93 and a final target price of Rs 95. Maintain stop loss at Rs 84.