Super Six stocks you can bet on May 16

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

Zee Entertainment Enterprises has been trading at new highs and outperforming the market. Daily momentum is too strong. I recommend a buy with a stop of Rs 248 for targets of Rs 258 and Rs 262.

My second pick is United Spirits. After a consolidation of four-five days it started moving up on hourly charts. Momentum has turned into bullish zone. I recommend a buy with a stop of Rs 2,300 for targets of Rs 2,345 and Rs 2,365.

Shardul Kulkarni of Angel Broking

The first stock that we will recommend is a buy call with regards to ING Vysya Bank. In yesterday’s trading session banking stocks have done very well and going forward we expect a similar trend to continue. In case of ING Vysya Bank the chart structure is a very strong, higher top-higher bottom cycle. We recommend buying this particular stock above the levels of Rs 615, place a stop loss at Rs 599 and trade bullish for a target of Rs 645 over the next three-five trading sessions.

The second stock that we will recommend is a buy call with regards to Adani Ports and Special Economic Zone. The chart structure of Adani Ports is indicating a flag breakout above the levels of Rs 154. We recommend buying this stock above Rs 154, place a stop loss at Rs 149 and trade bullish for a target of Rs 165 over the next six-eight trading sessions.

Vishal Kshatriya of Edelweiss

My first pick for the day is going long on IDFC. Stock has given a breakout with good volumes on its daily chart. Open interest data also indicates aggressive long built-up in previous trading sessions. I expect counter to trade with a positive bias and hence recommend going long at current market price with a target price of Rs 170 and maintain stop loss below Rs 152.

My second pick for the day is going long on Yes Bank. Stock has given a flag pattern breakout with good volumes on its daily chart. Technical oscillators are also trading with a positive bias. I recommend traders to go long at current market price with a target price of Rs 550 and maintain stop loss below Rs 510.