6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Manas Jaiswal of manasjaiswal.com 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.

Vishal Kshatriya of Edelweiss Zee Entertainment Enterprises has formed bullish candlestick pattern on its daily chart. Technical oscillators have also given a buy signal. Derivatives data indicates aggressive long buildup in the stock in previous trading sessions. I would recommend traders to go long in a range of Rs 234-235 with a target of Rs 255 and stop loss below Rs 228.
Sell Power Finance Corporation (PFC). Stock has seen aggressive short buildup which is indicated by open interest data. Besides this stock is continuously trading below a short-term moving averages, which clearly indicates that overall trend in the stock is negative. Go short on PFC June futures at current market price with a target price of Rs 172 and stop loss above Rs 190. Manas Jaiswal of manasjaiswal.com Jain Irrigation Systems was trading in the range of Rs 65-70 for last one month, but now it has broken this range upside with higher volumes. Stock has broken its 200-day moving average also, so now it can test Rs 80 in next one-two trading sessions. One can buy the stock at current level with a stop loss of Rs 70.
Yesterday Reliance Communications took support near to Rs 102 and bounced backed sharply. The stock has made a bullish engulfing pattern on the daily chart, so we may see a sharp up move. Stock can test Rs 116 in next one-two trading sessions. One can buy the stock at current levels with a stop loss of Rs 108. Shardul Kulkarni of Angel Broking
Buy Dr Reddys Laboratories June futures. The chart structure of Dr Reddys shows a very strong continuation pattern and the breakout of this particular pattern will occur above the levels of Rs 2140 on the June futures contract. We recommend buying Dr Reddys June futures above Rs 2140, place a stop loss at Rs 2100 and trade bullish for a target of Rs 2220 over the next three-five trading sessions.
Sell Bajaj Auto. The chart structure of Bajaj Auto shows a breakdown in case of yesterday's trading session. Considering the pessimism in case of the two-wheeler space we expect this particular counter to correct over the next six-eight trading sessions. Sell Bajaj Auto June futures contract with a stop loss of Rs 1822 for a target of Rs 1650 over the next six-eight sessions.