6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Gaurav Ratnaparkhi of Sharekhan, Vikrant Jadeja of Vibrant Trades and Salil Sharma of Kapur Sharma & Co, 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.

Gaurav Ratnaparkhi, Sharekhan Larsen and Toubro (L&T) has recently done a short-term correction. It has retraced 50 percept of the previous rise. In terms of wave structure, hereon fresh set of impulse is expected to form on the upside which would mean significant upside potential for the counter from short-term as well as medium-term perspective. In the last session, the stock has moved above its crucial daily moving average. So one can buy this stock with a stop loss of Rs 805 for target of Rs 880 and timeframe will be two-three days.
After a multi-month fall, Petronet LNG is forming a large inverted head and shoulders pattern, which is a basing pattern. Currently, right shoulder of the pattern is in formation. The stock is a good buying candidate from trading perspective as well as from investment point of view. Short-term as well as medium-term momentum indicators are in bullish mode. So one can buy the stock with stop loss of Rs 118 for target of Rs 128 and again the timeframe will be 2-3 days.
Vikrant Jadeja, Vibrant Trades
Fast moving consumer goods (FMCG) counters like ITC is trading in some kind of narrow range and some kind of negative crossover was seen on daily charts. So it is quite possible that some kind of lower levels up to Rs 330 could be expected soon. So one should use this opportunity to go short in ITC October futures at current market price with a stop loss of Rs 348.50 expect a target of Rs 330 in the next three-four trading sessions.
Despite of good bullish momentum in the market, it is quite possible that some stocks like NTPC is not showing strength on the upside. So it is quite possible that some kind of lower levels could be expected soon in this counter. So one should use bounce as opportunity to go short in current market price in NTPC October futures with stop loss of Rs 148, expect a target of Rs 140 in the next one-two trading sessions.
Salil Sharma, Kapur Sharma & Co
We would like to recommend a buy on Tata Consultancy Services (TCS). It saw a good breakout happening yesterday. One should buy at the current levels of Rs 2,025 keeping a stop loss of Rs 1,985 and a target of Rs 2,080. Cairn India was quoting below the 20 day moving average (DMA) for quite some time and yesterday it sprung back and closed above it. One can go long at Rs 326 keeping a stop loss of Rs 321 while the target would be at around Rs 338.