6 stocks likely to see lot of action today

On CNBC-TV18's show Super Six, market gurus Gaurav Bissa, Jay Thakkar and Kunal Saragoi share, 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.Gaurav Bissa of LKP Securities
My first recommendation today is a buy on Mahindra & Mahindra Financial Services. The stock has been languishing for past few months. If you look at the short-term patterns for a month or two, even on those terms the chart has not fared that well. On derivatives side, it has seen a decent amount of short covering on consistent basis, a very positive sign for the stock. So I recommend going long in M&M Financial Services for a target of Rs 270, keeping the stop loss at Rs 257.

My second recommendation today is buy on Hexaware Technologies. This is one of the few IT midcap names that have not performed well over the past one week compared to the large names like Infosys and Tata Consultancy Services (TCS) and midcap names like HCL Technologies and Mindtree, which are a tad bit more known in the market. If you compare with those names, it has been more of a laggard so far -- having said that this is another stock to witness short covering which has been followed by fresh long positions and if this kind of a fresh long is seen getting built in a day or two, it can catapult by 10 percent from these levels, so I recommend going long with a stoploss at Rs 277 and a very short term trading target of Rs 290.

Jay Thakkar of ShareKhan
The first one is on Ipca Laboratories. This stock has given a very good breakout from a downward sloping channel. The short-term moving average is well below the stock price. The momentum indicator has given a buy crossover on the daily, weekly and the monthly charts. So on all the technical parameters may it be the downward sloping channel, the momentum indicators or the moving averages are all favouring the bulls as of now. I think on the weekly charts, this stock is heading towards the targets on the upside and this target comes to Rs 875 whereas the stoploss can be placed at Rs 775.

Second buy call is on Bank of Baroda (BoB). This stock has given a very good breakout from a down trendline. The way the Bank Nifty and the banking stocks -- especially the public sector undertaking (PSU) banks, the way they had run up in last trading session, I think BoB is heading now towards the targets of Rs 198-206 hence one can buy at these levels and a stoploss can be placed at Rs 180.