Check Out: Super Six stocks for May 31

On CNBC-TV18's show Super Six, market gurus Vishal Malkan, CMT, www.malkansview.com, Manas Jaiswal of manasjaiswal.com 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 Hindustan Oil Exploration. It’s a sell call. It is showing downward momentum on daily charts. Hourly charts price is tagging on lower volumes of band. I recommend a sell with a stop of Rs 101 for targets of Rs 97.50 and Rs 96.
My second pick is ICICI Bank. It is also a sell call. Banking stocks had been hammered yesterday. Today also it looks like downward momentum will continue. I recommend a sell with a stop of Rs 807 for targets of Rs 790 and Rs 785.

Manas Jaiswal of manasjaiswal.com
My first pick is Crompton Greaves. Yesterday it crossed 61.80% retracement level of the entire fall from Rs 121 to Rs 102. On the weekly charts it is making bullish pattern and oscillators are showing positive crossover. So we may see further recovery in the stock and the stock can test Rs 121 in coming days. One can buy the stock at current levels with a stop loss of Rs 112.
My second pick is REC. Yesterday we witnessed good buying interest at lower levels. The stock has very strong support at Rs 165. On the daily charts RSI is showing positive diversions, so we may see a sharp up move. The stock can test Rs 179 in one to two trading sessions. One can buy the stock at current levels with a stop loss of Rs 165.

Nooresh Merani of AMSEC Research
My first stock call is a buy on Hindalco above Rs 116 with a target price of Rs 124 and a stop loss to be placed at Rs 111. The stock has been making a falling wedge pattern which has a breakout around Rs 115-118 zone. So, one take a buy position once it starts trading above Rs 116 with a quick target of Rs 124 in the two to three sessions.
My next stock call is a buy on Mahindra and Mahindra with a stop loss at Rs 640 and a target price of Rs 685. The stock has a lot of support in the band of Rs 620-640 for the last one year. Recently the stock had a lot of resistance around Rs 660, which it tried to cross yesterday. So I would expect the bounce to go up to Rs 685 and on can keep a strict stop loss at Rs 640 for this trade.