Super Six stocks you can bet on June 01

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, CMT, www.malkansview.com, Shardul Kulkarni, Angel Broking and Nooresh Merani of AMSEC Research, 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, www.malkansview.com My first pick is Ultratech Cement. It’s given a good move yesterday with good volumes. Hourly momentum is bullish. I recommend a buy with a stop of Rs 1405 for targets of Rs 1438 and Rs 1445. My second pick is JP Associates. It is formed a bullish engulfing pattern on daily charts. Hourly charts it is tagging the upper bollinger band. I recommend a buy with a stop of Rs 60.5 for targets of Rs 63.50 and 64.50.

Shardul Kulkarni, Angel Broking The first stock that we would recommend for today is a sell call in Mahindra and Mahindra. We have seen that weakness has been there in case of Tata Motors over the past two trading sessions and we expect weakness to set in, in case of Mahindra and Mahindra. Thus we recommend selling Mahindra and Mahindra below the levels of Rs 647. Stop loss should be placed at Rs 658 and the target price that we would look out for in the next three to five trading sessions is at Rs 625. The second stock for the day is IDFC. In case of IDFC we have seen a good run up in yesterday’s trading session and we feel that the momentum is likely to continue on the upside. Thus we recommend buying IDFC in the range of Rs 125-121. The stop loss on the lower side should be placed at Rs 117 and the target price in the next six to eight trading sessions is at Rs 135.  
Nooresh Merani of AMSEC Research My first stock call is a buy on Aditya Birla Nuvo with a stop loss at Rs 720 and a target price of Rs 850. The stock has been in the range of Rs 700-1000 for the last two years. Recently after a few developments on the fundamental side the stock took a knock and has corrected from a level of Rs 1050 to Rs 750 over the last few months. My second stock call is a buy on Tata Motors in dips to Rs 225 and a stop loss at Rs 218 and a target price of Rs 245 in the short term. The stock last time gave a big breakout around Rs 210-220 levels, so any dips closer to Rs 225 would be an entry point. We would expect the stock to cover the gap down actions which has happened over the last few days.