6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Ashish Kyal, Gaurav Bissa and Manas Jaiswal, 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.Ashish Kyal of wavesstrategy.comFirst stock on the buy side today is going to be IndusInd Bank and if you look at the charts, this stock has been outperforming the overall banking index as well as Nifty. Over past few days when we saw some volatility across the banking space, this stock has continued to outperform. There is a high likelihood that IndusInd should continue to move on the upside and one should use a stoploss of Rs 900 and the target can be expected at Rs 968. Second stock for today is going to be sell on Sun Pharma and we can see that there was a deep cut in the pharmaceutical space and then some recovery was witnessed. However, this recovery should be only temporary and the downtrend should resume across the pharma space. One can initiate short positions on this stock and the stoploss has to be maintained at Rs 840 and the target has to be maintained for Rs 735 levels.Gaurav Bissa of LKP SecuritiesMy first recommendation today is buy call on Jubilant Foodworks. The stock has seen good amount of long positions and breakout was seen at about Rs 1,200 levels. Momentum indicators are strong, it is trading above the short-term averages. One can initiate a long, have a stoploss of Rs 1,190, play for target of Rs 1,280.Sell Tata Consultancy Services with a stoploss of Rs 2,500 and target of Rs 2,420.Manas Jaiswal of manasjaiswal.comMy first call is a sell call on Cipla. It was making lower tops and lower bottoms from the level of Rs 650 but for the last four-five weeks, it was taking support near Rs 510. Yesterday it broke that support with higher volumes. So we may see further downside, it can test Rs 470. So one can go short with a stoploss of Rs 521.My second call is a buy call on Pidilite Industries. After almost Rs 100 correction, this stock took support near its 200-day moving average (DMA) yesterday. It bounced back sharply with higher volumes. Now we may see further upmove. It can test Rs 650, so one can buy it with a stoploss of Rs 580.