Super Six: Top chart picks for today

On CNBC-TV18's new show Super Six, market gurus Manas Jaiswal, Technical Analyst of Emkay Global, Nooresh Mirani, Head, AMSEC-Analyse India and Parag Doctor of Motilal Oswal Securitiest, 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 of Emkay Global
Yesterday Delta Corp took support near to Rs 65 and bounced back sharply. On the daily charts it made an engulfing bullish pattern and oscillators are showing positive crossover. So we may see further recovery and stock may test Rs 80 which is 38.2% retracement level of the recent fall. So, one can buy with a stoploss of Rs 70.
After 10 days fall BHEL has taken support yesterday and closed very string. On the daily charts it made a hammer pattern and oscillators are showing positive crossover. So it can retrace it recent fall and test Rs 281. One can buy with a stoploss of Rs 254.
  Nooresh Mirani, Head, AMSEC-Analyse India
Buy IDFC with a target of Rs 114 and stoploss at Rs 102. The stock has fallen non stop from Rs 130 levels and seems to be finding support today. I would expect the stock to do a bounce back till Rs 114 in the short term.
One can buy Apollo Hospital on dips to Rs 580 with a target of Rs 650-700 and stoploss at Rs 545. The stock has broken into lifetime highs in falling markets this indicates stock may outperform in the short term. Any dips to Rs 580 could be a buy opportunity.
  Parag Doctor of Motilal Oswal Securities
We at Motilal Oswal Securities would recommend to buy Action Construction. This stock has corrected significantly in the recent few weeks and has found support below the Rs 30 levels. The stock is expected to move to the overall resistance at Rs 40 from the 200 day moving average with the stop loss being at Rs 26.
We would recommend to buy Time Technoplast. This stock also has got severely beaten down in the recent correction and has found support around below Rs 40 levels. The stock is expected to move to the resistance from the 200 day average which is around Rs 60 with a stop loss being at Rs 43.