6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, CMT, Shardul Kulkarni of Angel Broking and Vishal Kshatriya of Edelweiss, 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, CMT

First pick is Sesa Goa. It has crossed above the resistance of Rs 167 with good volumes and momentum. I recommend a buy with a stop loss of Rs 166 for target of Rs 171 and Rs 174.

Second pick is sell on Tata Motors. It failed to go above the resistance of Rs 310 forming a bearish candlestick pattern on daily chart. Hourly momentum is bearish. I recommend a sell with a stop loss of Rs 309 for targets of Rs 298 and Rs 294.

 

Shardul Kulkarni of Angel Broking

Buy Ultratech Cement. The chart structure of Ultratech Cement continues to move in a higher top higher bottom cycle and the monthly as well as weekly chart structure is extremely positive. Going forward we recommend buying Ultratech Cement above the levels of Rs 2010, place a stop loss at Rs 1965 and trade bullish for a target of Rs 2125 over the next three-five trading sessions.

Buy Jindal Poly Films. The chart structure of Jindal Poly Films shows a flag breakout which has taken place in yesterdays trading session. Going forward Rs 20-25 up move is likely in case of this counter. We recommend buying Jindal Poly Films on a decline towards Rs 175, place a stop loss at Rs 165 and trade bullish for a target of Rs 200 over the next six-eight trading sessions.

 

Vishal Kshatriya of Edelweiss

Go long on PTC India. Stock has given breakout with good volumes on its daily charts. Derivatives data also indicates long build up in the stock. Technical oscillators are also trading with a positive bias. Traders can initiate long at current market price with a target of Rs 68, maintain stop loss below Rs 60.

Go long on Mahindra and Mahindra (M&M). Stock has given trend line breakout with good volumes on its daily chart. Momentum oscillators are also trading with a positive bias. Traders can go long at current market price with a target of Rs 1040 and stop loss below Rs 940.