Super Six short term picks for March 28

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Vishal Kshatriya, Edelweiss and Vikrant Jadeja, vibranttrades.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.

Vishal Malkan, malkansview.com
Buy Bharat Petroleum Corporation (BPCL). It has formed two indecisive candlestick patterns on daily chart. Hourly momentum is at important support. I recommend a buy with a stop loss of Rs 368 for targets of Rs 380-385.
Buy Kotak Mahindra Bank. It has been taking support at important levels of Rs 625 since last four-five days. Hourly momentum is showing divergences. I recommend a buy with a stop loss of Rs 632 for target of Rs 650-655.
  Vishal Kshatriya, Edelweiss
Short GAIL India. The stock has broken down its important level and closed below that. Besides this stock continues to trade below short-term moving averages which clearly shows that overall momentum in the stock is negative. Open interest data indicates aggressive short built-up in previous trading sessions. Traders can initiate short with current market price with a target of Rs 285 and maintain stop loss above Rs 315.
Short Larsen and Toubro (L&T). Stock has given rising trendline breakdown with good volumes. Technical oscillators continue to trade with a negative bias. Open interest data indicates aggressive short built-up in the stock. Traders can initiate short at current market price with a target of Rs 1280 maintaining stop loss above Rs 1308.
Vikrant Jadeja, vibranttrades.com Ranbaxy Laboratories has consolidated in a range of 20 points since last six-seven trading sessions but in last trading session stock has given an upside breakout, which indicates that we may see some kind of resumption on the uptrend in these pharma stocks and certain higher levels can be expected soon. Buy Ranbaxy around Rs 445 with closing stop loss of Rs 432 and expect a target of Rs 470 in next four-five trading sessions. Apollo Tyres has given a breakdown on daily as well as on weekly charts. In next series we can expect some kind of lower levels in this counter. Sell Apollo Tyres Futures at current market price and up to the bounce of Rs 83 with closing stop loss of Rs 85. Expect a target of Rs 74-75 in next six-seven trading sessions.