Super Six: Top chart picks for October 28

On CNBC-TV18's show Super Six, market gurus Pritesh Mehta of IIFL, Vikrant Jadeja of vibranttrades.com and Vishal Malkan of malkansview.com 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.

Vishal Malkan, malkansview.com
My first pick is Bharat Petroleum Corporation Ltd (BPCL). It has formed bearish candlestick pattern on daily chart as well as weekly chart. Hourly momentum has entered into bearish zone. I recommend a sell with a stop of Rs 355 for targets of Rs 342 and 335.
My second pick is Aurobindo Pharma. It has been sustaining above the important resistance of Rs 200 on a weekly closing basis. Daily momentum has entered into bullish zone, I recommend a buy with a stop of Rs 212 for targets of Rs 222 and Rs 226. Pritesh Mehta, IIFL
Our first recommendation is buy on HCL Technologies. It had a terrific rally since the second week of July from the levels of Rs 798 till Rs 1,170 in the second week of October. Thereafter, it went through a period of mild correction. It found support in 52-day moving average (DMA). Now the structural bull run in the counter is not yet over despite of some correction. We expect the recent support to hold on. Buy above Rs 1,075 with a stop loss of Rs 1,050 for a target of Rs 1,130 in next three-four trading sessions.
Our second recommendation is buy on Ipca Laboratories. The stock has been consolidating between Rs 660 and Rs 690 for the last five trading sessions. Normally uptrending stock, we can see uptrending beginning after a period of large consolidation. In this case, we expect the stock to resume its previous uptrend. We can also see a breakout from falling wage pattern. Buy above Rs 690 with a stop loss of Rs 675 for a target of Rs 730. Vikrant Jadeja, vibranttrades.com
Looking at the current scenario of the index, it is quite possible that we may see some kind of downward pressures continuation in next coming two-three trading sessions. So we may see some kind of lower levels in some of the largecap counters. One of them is UCO Bank. For the day trade, one can initiate short positions in UCO Bank futures at current market price with a stop loss of Rs 68.20. Expect a target of Rs 64 in the next one-two trading sessions.
Steel counters like Tata Steel may see some kind of lower pressure as a breakdown on daily charts as per technicals. So one can take short position in Tata Steel at current market price with a stop loss of Rs 331, expect a target of Rs 307 in the next one-two trading sessions.