Super Six stocks you can bet on May 28

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 Bata India. It has been outperforming the markets since a long time. It has started tagging on the upper bollinger band on the hourly charts. I recommend a buy with the stoploss of Rs 881 for targets of Rs 900 and Rs 907.
My second pick is Ranbaxy. It has broken out of the resistance of Rs 525, started tagging upper bollinger band on daily charts, momentum is high and volumes are also high in last couple of days. I recommend a buy with the stoploss of Rs 521 for targets of Rs 539 and 547.
Manas Jaiswal of manasjaiswal.com
My first pick is MRF. For last three weeks stock was trading in the range of Rs 10100-10600 but on Friday it broke this range upside with higher volumes. On the weekly charts it is still making higher tops and higher bottoms. So now stock can test Rs 11500 in next three to four trading sessions. One can buy the stock at current levels with a stop loss of Rs 10600.
My second pick is Praj Industries. On Friday it took support at Rs 50 and bounced back sharply. On the weekly chart it made a hammer pattern, so now it can correct further and stock can come up to around Rs 60. One can buy the stock at current levels with a stop loss of Rs 52.50.
Nooresh Merani of AMSEC Research
My first stock call is a buy on Punjab National Bank with a target price of Rs 770 and a stop loss to be placed at Rs 705. The stock has fallen from a high of Rs 1090 in February-March to low of Rs 700 over the last few months. The stock has seen no recovery over the last few weeks and the fall has been very steep.
My next stock call is a buy on IDFC with a target price of Rs 130 and a stop loss to be placed at Rs 120. The stock made a double bottom around Rs 110 levels. The intermediate high was around Rs 123 which has given a lot resistance to the stock over the last few days. The stock has closed well above Rs 123 levels and we could expect a quick move to Rs 130 in the short term.