6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, www.malkansview.com, Arunesh Madan, Augment Investment and Rajeev Agarwal, www.dynamixresearch.in, 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.

Rajeev Agarwal of www.dynamixresearch.in
I have a sell call on IDFC. One can attempt short in IDFC if sustains below Rs 151 level and keep a stop loss above Rs 156 on closing basis. My initial targets are around Rs 146 and next logical target is around Rs 141.
I have a sell on MRF. In the past we have seen a strong run in MRF from Rs 11,500 to Rs 15,500, but now showing some topping out pattern here and giving negative divergence also. So, one can attempt shorts higher around Rs 15,000 to Rs 15,200, keep a stop loss above Rs 15,500 on closing basis. My initial targets are around Rs 14,500 and next logical target is around Rs 14,000.
Shardul Kulkarni of Angel Broking
I have a buy call on Adani Power. The chart structure of Adani Power shows a good strong higher top-higher bottom cycle and going forward we expect that the next leg of the upmove is likely to begin. We recommend buying the stock on declines towards Rs 57. The stop loss for the trade should be placed at Rs 54. Trade on the upside for a target of Rs 63 over the next six-eight trading sessions.
I have a sell call on ICICI Bank June Futures. In case of Wednesday’s trading session, we have seen the stock has almost given a breakdown from a rising trend line. Going forward if the stock falls below the levels of Rs 1,182 on the June Futures contract, we expect a significant decline in prices. We recommend going short below Rs 1,182, place a stop loss at Rs 1,210 and trade bearish for a target of Rs 1,135 over the next three-five trading sessions.
Arunesh Madan of Augment Investment Axis Bank has broken below a major significant support level of Rs 1,440 in yesterday’s trade on the back of good volumes. Look to short this stock in the region of Rs 1,435 to Rs 1,440, keep a stop loss above the Rs 1,450 levels on a closing basis and going forward one can look for a target of Rs 1,405 and Rs 1,390. Reliance Industries has formed an engulfing bearish on the daily candlestick chart in Wednesday’s trade indicating that the short-term rally that started from a level of Rs 780 has come to an end. Look to short this stock at the current market price, keep a stop loss above Rs 850 levels on closing basis and look for a target of Rs 820 and Rs 810 going forward.