6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Pritesh Mehta of IIFL, Shardul Kulkarni of Angel Broking and Vishal Malkan of CMT, 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.

Pritesh Mehta of IIFL

First recommendation is sell on Tata Steel. The stock has seen a sharp run of 45 percent in the month of August. First signs of cooling off are seen in this counter. We can see the stock is facing resistance around Rs 280-285 odd levels which is acting as a strong supply zone for the counter since the month of June. Now the stock has seen a vertical rally which is bound to see some corrections in the near-term. One can go ahead and short Tata Steel September Futures below Rs 277 for a target of Rs 252 and maintain a stop loss of Rs 286.

Second recommendation is buy on Idea Cellular. The stock is a classic case of buy on declines. The stock has been moving along nicely with the support of its 50-day moving average since the month of June. Recently it hit a high on Rs 177, then went through a mild correction. Again the stock found support at its 50-day moving average. This stock is buy around current levels for a target of Rs 175, maintain a stop loss of Rs 154.

Shardul Kulkarni of Angel Broking

The first stock that we will recommend is a buy call with regards to Hero Motocorp. The stock continues to move in a good strong higher top-higher bottom cycle and the momentum oscillators are positively poised. Going forward we recommend buying Hero Motocorp above the levels of Rs 1,960, place a stop loss at Rs 1,900 and trade bullish for a target of Rs 2,070 over the next six to eight trading sessions.

The second stock that we will recommend is a buy call with regards to United Phosphorous. It has been consolidating in a sideways range over the last six to eight trading sessions. The candlestick pattern formation as well as the volumes in yesterday's trading session indicate that any move beyond the levels of Rs 148 will attract further buying in case of this counter. Buy the stock above Rs 148, place a stop loss at Rs 142 and trade bullish for a target of Rs 161 over the next six to eight sessions.

Vishal Malkan of CMT

Siemens has broken an important support of Rs 450 on closing basis. Hourly momentum has entered into bearish zone. Price is tagging on the lower Bollinger band. I recommend a sell with a stop of Rs 452 for targets of Rs 432 and Rs 425.

Opto Circuits India is purely a trading call. It has been consolidating between Rs 24-25 in last few days. Yesterday it managed to close above Rs 25 levels with volumes on daily chart. I recommend a buy with a stop of Rs 25 for targets of Rs 26.50 and Rs 27.50.