6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni, Angel Broking, Vishal Kshatriya of Edelweiss and Rajesh Jain of EVP Capital, 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.

Shardul Kulkarni, Angel Broking

The first stock that we will recommend is a buy call in case of HDFC Bank. The chart structure of HDFC Bank suggests that good strong consolidation is over and going forward we expect a strong up move. We recommend buying the stock in the range of Rs 630-632, place a stop loss at Rs 615 and trade bullish for a target of Rs 665.

The second stock that we will recommend is a buy call with regards to Apollo Tyres. The stock has been correcting for the past couple of trading sessions, but in case of yesterday’s trading session the stock has shown the first signs of reversal. Buy the stock in the range of Rs 88-87, place a stop loss at Rs 84 and trade bullish for a target of Rs 95. The timeframe for the call is in the range of 5-8 trading sessions.

Vishal Kshatriya of Edelweiss

My first pick for the day is going long on Tata Steel. Stock has given inverse head and shoulder pattern breakout with good volumes. Momentum oscillators on daily chart are also trading with a positive bias. I would recommend traders to go long at current market price with target price of Rs 450 maintaining stop loss at Rs 400.

My second pick for the day is going long on Century Textiles. Stock has given flag pattern breakout with good volumes on its daily chart. Momentum oscillators have also given a fresh buy signal. Open Interest data indicates long build-up in the stock. I would recommend traders to go long at current market price with target price of Rs 400 maintaining stop loss below Rs 360.

Rajesh Jain of EVP Capital

Federal Bank is among the few banking stocks that has not fallen when the domestic markets were witnessing a profit taking in last 4-5 days. The stock has broken on the higher side from its long-term chart formation. One may buy the stock at any dip near Rs 465-470 which is now its important support zone keeping a closing stop loss of Rs 457 for a target of Rs 520 plus in coming days.

Profit taking was witnessed in the Indian Hotels Company last week, but this week it has registered decent bounce back after testing its support around Rs 65 levels. One can buy the stock between Rs 66-67 levels keeping a closing stop loss of Rs 65 for a target of Rs 71 in coming days.