6 stocks likely to see lot of action

On CNBC-TV18's new show Super Six, market gurus Hemen Kapadia, CEO, chartpundit.com, Vishal B Malkan, CMT, www.malkansview.com and Shardul Kulkarni of 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.

Hemen Kapadia, CEO, chartpundit.com SBI has reflected intraday weakness. The scrip has also given a mini breakout in a 15 minute chart, indicating that further fall can be expected. Keeping that in mind, one can sell SBI at Rs 2060 with a stop loss of Rs 2070 and target of 2040. This is an intraday call valid from a short term point of view. Petronet LNG has reflected strength by sustaining above the 55 day exponential moving average. Most of the daily mechanical indicators have signaled a buy. Infact the stk has given a mini breakout on the half an hour charts, indicating the possibility of a further upside. Keeping that in mind one can buy it at Rs 163 with a stoploss of Rs 160 and target of Rs 169. This is a shorter term call valid from an intraday point of view.
 
Vishal B Malkan, CMT, www.malkansview.com
After a strong consolidation of one week Sesa Goa has given a fresh breakout yesterday with big volume. I recommend a buy with a stoploss of Rs 197 and target of 205 & 208. Godrej has given a strong close above the resistance of Rs 190, volatility bands have expanded in intraday charts. I recommend a buy with a stoploss of Rs 189 for targets of Rs 198 & 202.
 
Shardul Kulkarni of Angel Broking
Looking at the charts we feel that Bharti Airtel has completed a three wave upmove and chances are that it may move lower, thus we recommend selling. One can sell below the levels of Rs 354, stop loss should be placed at 362 and the target on the lower side in the next 5-6 trading sessions is 330.
Sell M&M below the levels of Rs 681. A fall below Rs 681 would lead to a confirmation of a breakdown. Target price on the lower side is Rs 650 and stop loss for the trade is Rs 692.