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6 trading stocks for short term gain

According to Gaurav Bissa of LKP Securities, one may sell Jet Airways with a target of Rs 545.

June 02, 2016 / 09:37 IST
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On CNBC-TV18's show Super Six, market gurus Hemen Kapadia, Gaurav Bissa and Kunal Saraogi, 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 of KRChoksey SecI have a buy call on Ajanta Pharma. It has reflected near-term strength by staging a high volume recovery. This stock has also sustained above 55-day moving average (DMA). Mechanical indicators on the intraday chart are supporting the move, has signalled a buy indicating the stock intention to appreciate further from here. One can buy Ajanta Pharma at its closing of around Rs 1,533 with a stoploss of Rs 1,525 and target of Rs 1,549.I have a buy call on Indraprastha Gas (IGL). It has reflected near-term strength by taking a support at 55-day moving average. The intraday charts are showing some amount of positivity in terms of positive divergence. The mechanical indicators have turned positive signalling a buy, indicating the stock intention to appreciate further from here. One can buy IGL at its closing of around Rs 562, stoploss of Rs 558 and target of Rs 570.Gaurav Bissa of LKP SecuritiesFirst recommendation today would be a buy on DLF. The stock has seen good amount of long positions given a small breakout above Rs 132 zone. It has a minor resistance of Rs 134 which if taken out can lead the stock towards Rs 140 levels, momentum indicators are strong, it would be a good sense to go long in this stock. One can have a stoploss of Rs 128 and buy this stock.Second recommendation today would be a sell call on Jet Airways. There is an expectation of Rs 570 being a minor support, which if taken out can lead towards Rs 545 levels. It would be a good case given the volatility in the market. This can be a good shorting candidate. One may have a stoploss of Rs 590, play for targets of Rs 545.Kunal Saraogi of EquityrushMy first stock call for the day will be a buy on Adani Ports, which bucked the trade in yesterday's trend and showed great momentum. I think the momentum there is likely to continue. One can buy Adani Ports with a stoploss at Rs 198 and a target of Rs 210.My second pick is a sell on IDFC, which looks overbought on momentum indicators, can be sold with a target of Rs 48 and a stoploss at Rs 52

first published: Jun 2, 2016 08:55 am

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