6 stocks likely to see lot of action today

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 VIP Industries. That has given a smart move yesterday, price has started tagging upper Bollinger Band in hourly charts. I recommend a buy with a stop of Rs 84.75 for targets of Rs 87.50 and Rs 89.

My second pick is Bank of Baroda. Banking stocks had been outperforming the markets yesterday. Bank of Baroda has started making higher tops higher bottoms on hourly charts. Price is booming up with high volumes. I recommend a buy with a stop of Rs 682 for targets of Rs 697 and Rs 704.

Manas Jaiswal of manasjaiswal.com

My first pick is Bata India. Stock is continuously making higher tops and higher bottoms on the daily chart. Yesterday it broke its recent high of Rs 906. So we may see further recovery in the stock and the stock can test Rs 965 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 895.

My second pick is HDIL. It has broken a neckline of inverse head and shoulders pattern on the intraday chart with higher volumes. So we may see further recovery in the stock and the stock can test Rs 68 in one-two trading sessions. One can buy it with a stop loss of Rs 62.50.

 

Nooresh Merani of AMSEC Research

My first stock call is a buy on Bharat Heavy Electricals (BHEL) with a target price of Rs 230 and a stop loss to be placed at Rs 208. The stock had made a low of around Rs 190-200 in the lows of 2008-2009. Recently the stock is making a good bottoming out formation around Rs 200. Yesterday the stock has given a breakout above Rs 215 so we could expect a quick move to Rs 230 in the next few sessions.

My second stock call is a buy on Bajaj Auto with a target price of Rs 1,600 and a stop loss to be placed at Rs 1,470. The stock is very close to the lower end of the channel which gives a lot of support in the band of Rs 1,450 to Rs 1,500. Recently, the stock has taken a lot of support in the band of Rs 1,480. I would expect the stock to bounce back to Rs 1,600 in the short-term and even for a long-term investor, any dips to Rs 1,450-1,480 would always be a buy area.