4 trading stocks for short term gain

On CNBC-TV18 market gurus Hemen Kapadia, CEO of chartpundit.com and Vishal B Malkan, CMT, www.malkansview.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.

Hemen Kapadia, CEO of chartpundit.com
Buy ABG Shipyard. The stock has reflected strength by posting a higher top higher bottom. It has also posted a fresh 12 trading session high. Most of the mechanical indicators are supporting the move and have signaled a buy. It looks like a good short term buy. One can buy at Rs 396 with a stoploss of Rs 393 and target of Rs 402. This is a shorter term call valid from an intraday point of view.
My second pick for today is BEML. It is a buy call. The stock has reflected strength by closing above the 55-day exponential moving average after quite sometime. This has been supported by the mechanical indicators all of which have signaled a buy. The stock has also given a mini breakout on the hourly charts. Simply put BEML looks like a decent intraday buy call. One can buy BEML at Rs 484 with a stoploss of Rs 480 and a target of Rs 492. This is a shorter term call valid from an intraday point of view.
Vishal B Malkan, CMT, www.malkansview.com
My first pick is Bombay Dyeing. It has given a strong close at Rs 380 on Friday with huge volumes. I recommend a buy with a stoploss of Rs 372 and target of Rs 395 and 404.
My second pick is Bajaj Auto. It is forming lower tops and lower bottoms. It has given a bearish indication on momentum charts. I recommend a sell with stoploss of Rs 1475 and a target of Rs 1420 and 1400.