Super Six stocks you can bet on June 10

On CNBC-TV18's show Super Six, market gurus Vishal Malkan of malkansview.com, Arunesh Madan of Augment Investment and Gaurav Ratnaparkhi of Sharekhan 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 of malkansview.com Dr Reddys Labs has given a smart move on Friday with good volumes, one of the most outperforming stocks in the market. I recommend a buy on the stock with a stop loss of Rs 2,175 and for targets of Rs 2,220-2,235. Tata Consultancy Services (TCS) has managed to close above the resistance of Rs 1,520 on a weekly basis with good volumes. I recommend a buy on the stock with a stop loss of Rs 1,510 and for targets of Rs 1,535-1,560. Arunesh Madan of Augment Investment Reliance Communications has formed a bearish pattern on the daily candlestick charts in Friday's trade along with negative divergence on the RSI indicators. Look to short this stock on any pullback in the region of Rs 116.5-118. Keep a stop loss above Rs 120 level on a closing basis and we can expect a target of Rs 111-107 going forward. Bajaj Auto has been forming hammer pattern on the candlestick charts indicating that the downward momentum in the stock is about to come to an end. Look to buy this stock in the region of Rs 1,735-1,745. Keep a stop loss below Rs 1,730 level and we can expect a target of Rs 1,760-1,790 going forward. Gaurav Ratnaparkhi of Sharekhan
I have a sell call on Reliance Power. The stock has broken down from a bearish flag pattern. In terms of bar pattern, it has formed a bearish outside bar in the last session. The short-term momentum indicators are already in bearish mode. One can sell Reliance Power future with stop loss of Rs 71.60, for target of Rs 66.50. The timeframe will be around 3-4 sessions.
My second sell call is on Future Retail. Stock on the daily chart has recently done a three-way pullback. The pullback got over near 20-daily simple moving average and from there it has started a fresh move on the downside. So the stock has considerable downside potential from the current level and Future Retail future can be shorted with stop loss of Rs 141 for target of Rs 130.50. The timeframe will be around 3-4 sessions.