Super Six trading ideas for the day

On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss and Shardul Kulkarni, Angel Broking, 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 B Malkan, CMT Aban Offshore has given a breakout above the resistance of Rs 430 with high volumes on hourly charts. Momentum is rising. I recommend a buy with a stoploss of Rs 426 for targets of Rs 449 and Rs 456. Crompton Greaves has formed a strong base at the level of between Rs 100-105 and formed a double bottom pattern. I recommend a buy with a stoploss of Rs 110 for targets of Rs 114.5 and Rs 116.
  Vishal Kshatriya, Sr Derivative and Technical Analyst, Edelweiss
My first pick for the day is going long on IDFC. Stock has broken out its major resistance zone along with good volumes in previous trading sessions. Besides this, oscillators on daily charts continue to trade with a positive bias. Derivatives data indicates aggressive long build up in the counter. I would recommend traders to go long in the range of Rs 145-148, with target price of Rs 156, maintaining stop loss below Rs 142.
My second pick for the day is going long on Rural Electrification Corporation. Stock has given a breakout of its declining trend line along with good volumes placed on its daily as well as weekly charts. Oscillators on daily chart have given a fresh buy signal. Derivatives data also indicates aggressive long build up in the counter in previous trading session. Traders can go long in the range of Rs 205-210 with target price of Rs 220 maintaining stop loss below Rs 202.
Shardul Kulkarni, Angel Broking
First stock that we will recommend is Aditya Birla Nuvo. In case of Aditya Birla Nuvo we are seeing a strong trend line breakout in yesterday’s trading session. We recommend buying Aditya Birla Nuvo above the levels of Rs 820. Place a stop loss at Rs 793. The positional target over the next 4-7 trading sessions is at Rs 870.
The second stock that we will recommend is a buy call in Hindustan Oil Exploration. The charts of Hindustan Oil Exploration suggests that a corrective move is over and a strong impulsive phase on the upside is about to begin. We recommend buying Hindustan Oil Exploration in the range of Rs 122-124. Place a stop loss below Rs 118 and the target over the next 5-6 trading sessions is at Rs 135.