6 trading stocks for short term gain

On CNBC-TV18's show Super Six, market gurus Arunesh Madan, Founder and Director of Augment Investment Pvt ltd, Nooresh Mirani - AVP Technical, AMSEC Research and Rajesh Jain, EVP Retail Research, Religare Securities, 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.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd Larsen and Toubro has witnessed a very sharp corrective rally in the recent uptrend in the market. Look to short the stock in the region of Rs 1245-1255, a stop loss above Rs 1270 on a closing basis and look for a target in the region of Rs 1205-1210 by Friday close.
I have a buy call on Reliance Industries in the region of Rs 770-775. The stock has broken above Rs 770 levels, with very good volumes. Look for a target in the region of Rs 800-805 and keep a stop loss below Rs 765 level on a closing basis. This target is expected before Friday close.
  Nooresh Mirani - AVP Technical, AMSEC Research
My first stock call is a buy on MindTree with a target price of Rs 480 and a stop loss placed at Rs 435. The stock was in a range of Rs 400-450 for a long time, yesterday the stock closed above Rs 450 levels indicating a breakout. My extreme short term target would be RS 480 as well as it could go upto Rs 550-580 levels in the medium term.
My second stock call is a buy on BF utilities with a target price of Rs 385 and a strict stop loss at Rs 350. The stock has given a breakout around RS 320 level and the momentum continues over the last few days. I would expect this momentum to continue into one big move in the coming few sessions. So traders may even expect a move to RS 400, but given the fact the stock has moved a lot over the short term, you may keep a strict stop loss around Rs 350 for this position.
  Rajesh Jain, EVP Retail Research, Religare Securities IOC went up on good volumes yesterday and closed above its resistance of Rs 270. One can buy the stock near Rs 270, keeping a stop loss of Rs 267 for higher target of Rs 278. Delta Corp closed at its highest in a month, the volumes were also good. One can buy the stock near Rs 70 keeping a stop loss of Rs 66 for higher target of Rs 78.