Check Out: Super Six stocks for June 07

On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Arunesh Madan, Founder and Director of Augment Investment Pvt ltd and Rajesh Jain, EVP Retail Research, Religare Sec, 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.

Shardul Kulkarni of Angel Broking
In case of Tata Steel we have seen a good run up in yesterday’s trading session. We feel that the momentum is likely to continue in the next one or two trading sessions. Thus we recommend buying Tata Steel June futures in the range of Rs 410-407. The stop loss on the lower side should be placed at Rs 402 and target that is expected is near Rs 425.
We recommend buying Axis Bank in June futures in the range of Rs 998-992. The stop loss on the lower side should be placed at Rs 975 and the target price that is expected is Rs 1030.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd
I have a buy call in Karnataka Bank in the range of Rs 78.50-79 with a stop loss being placed below the Rs 75 levels on a closing basis. In yesterday’s trade the stock has given a very good breakout and has managed to close near the days high. Look for a target of Rs 85 in the coming days.
I have a buy call in Indian Overseas Bank (IOB) at the current market price with a stop loss being placed below the Rs 82.50 levels on a closing basis. The stock has formed higher top and higher bottom on the daily closing charts. Look for a target of Rs 89.50 to be tested in the next couple of days.
Rajesh Jain, EVP Retail Research, Religare Sec
Power stocks saw a good upward movement yesterday. CESC closed sharply higher above its resistance of Rs 275. One can buy the stock at any correction near Rs 275 keeping a closing stop loss of Rs 270 for target of Rs 285. Reliance Capital closed higher yesterday but is overall still consolidating side ways. At any correction one can buy the stock near its support of Rs 310 keeping a closing stop loss of Rs 300 for higher target of Rs 330.