6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vishal Kshatriya of Edelweiss and Shardul Kulkarni of Angel Broking, 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 of manasjaiswal.com Adani Power is making lower tops and lower bottoms on the daily chart and now it has broken the support of Rs 46 with higher volumes. So we may see further weakness. This stock can test Rs 40 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 46.50. Jain Irrigation Systems was trading in a narrow range of Rs 55-57 for last four-five trading sessions but now it has broken this range downside with higher volumes. So, we may see further weakness. The stock can test Rs 52 in next one-two trading sessions. One can go short at current levels with a stop loss of Rs 56.50.   Vishal Kshatriya of Edelweiss
My first pick for the day is going long on State Bank of India (SBI). Stock managed to bounce back from a strong support of Rs 2,000. Momentum oscillators on daily chart are also trading with a positive bias. Derivatives data indicates marginal long build up in a stock. Traders can go long futures in a range of Rs 2,045-2,055 with a target price of Rs 2,170 and stop loss below Rs 1,975.
My second pick for the day is going long on Zee Entertainment Enterprises. Overall trend in a stock is positive which is depicted by formation of higher tops and higher bottoms on its daily chart. Stock has given a breakout on its intraday chart. Momentum oscillators on daily chart are also trading with a positive bias. Traders can initiate long at current market price with a target price of Rs 250 and a stop loss below Rs 215.
  Shardul Kulkarni of Angel Broking
The first stock that we would recommend is a buy call with regards to Hexaware Technologies. The chart structure shows a clean ABC pattern. Going forward, we expect a significant upmove in case of this particular counter. Buy this stock above the levels of Rs 81, place a stop loss at Rs 77 and trade bullish for a target of Rs 88 over the next six-eight trading sessions.
The second stock that we will recommend is a sell call with regards to Godrej Industries. The chart structure shows the probability of a breakdown below the levels of Rs 294. Thus we recommend selling Godrej Industries below Rs 294, place a stop loss at Rs 302 and trade bearish for a target of Rs 275 over the next three-five trading sessions.