Super Six: Top chart picks for June 18

On CNBC-TV18's show Super Six, market gurus Vishal B Malkan, CMT, www.malkansview.com, Vishal Kshatriya of Edelweiss and Sanjeev Agarwal, CEO, Dynamix Research & Capital Management, 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 B Malkan, CMT, www.malkansview.com Bhushan Steel has been outperforming in the market since a long time. It has managed to close above the resistance of Rs 450. Momentum is bullish on the daily charts. I recommend a buy with the stop loss of Rs 453 for the target of Rs 466 and 471. TCS has managed to close above the gap resistance in the last trading session with huge volumes. Momentum is bullish. It is tagging the upper bollinger band. I recommend a buy with the stoploss of Rs 1267 for targets of Rs 1290 and 1298.
  Vishal Kshatriya of Edelweiss
My first pick for the day is going short on Yes Bank. Last week the stock corrected sharply from its resistance zone of Rs 350 to Rs 355 indicating supply in the stock at higher level. Open interest data indicates short build up in the stock. Oscillators on the daily charts have also given a sell signal. Traders should go short in the range of Rs 336-338 with target of Rs 320 maintaining stop loss at Rs 347.
My second pick for the day is going long on Infosys. The stock has given inverted head and shoulder pattern breakout along with good volumes placed on its daily charts. Open interest data indicates long build-up in the stock. We expect the stock to trade the positive bias and hence recommend going long at CMP with target price of Rs 2650 maintaining stop loss at Rs 2470.
  Sanjeev Agarwal, CEO, Dynamix Research & Capital Management
We can buy Britannia Industries at around Rs 522-525 with a stop loss below Rs 495 and with a target of Rs 580-620 in a matter of 2-3 months.
My second stock for today is Hindalco Industries. Rs 123 has been a strong resistance for Hindalco industries and it had given a breakout above Rs 123 yesterday. We can buy it at around Rs 123 with a stop loss below Rs 118 for a target of Rs 128 and 134.