Super Six stocks you can bet on July 10

On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Rajesh Jain of Religare Securities and Vishal Malkan of malkansview.com, 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 Kshatriya of Edelweiss I am going long on Bharat Heavy Electricals (BHEL). The stock has given inverse head and shoulder pattern breakout with good volumes on its daily chart. Technical oscillators are also trading with positive bias. I recommend traders to go long at current market price with first target of Rs 200 and a final target of Rs 205 and maintain stop loss below Rs 182. My second pick for the day is going long on Dr Reddys Laboratories. Overall trend in a stock is positive, which is depicted by formation of higher tops and higher bottoms on its daily as well as weekly charts. Derivatives data of previous trading session indicates aggressive long build up in the stock. I would recommend traders to go long at current market price with a target price of Rs 2,400 maintaining stop loss below Rs 2,230. Rajesh Jain of Religare Securities Housing Development Finance Corporation (HDFC) has moved sharply higher last month, but now has retraced 61.8 percent on the daily chart from its recent top at Rs 893. There are higher chances of a bounce towards higher levels. One can initiate fresh long positions around Rs 820-825, which is its important support levels, keeping a closing stop loss of below Rs 820 for higher target of more than Rs 860 in coming days. Sesa Goa stock witnessed a stiff fall from Rs 154 till Rs 134 levels. After that the stock bounced back sharply and traded close to Rs 150 mark. Currently, the stock is consolidating in a range around Rs 140-145 level and is due for a further break-up on the higher levels. One can buy the stock at its support of Rs 140-142 levels, keeping a closing stop loss below Rs 138 for higher target of more than Rs 150 in coming days. Vishal Malkan of malkansview.com Kotak Mahindra Bank has made a double bottom around Rs 680 level and started moving up from that forming a bullish candlestick pattern on daily chart. Hourly momentum is bullish. I recommend a buy with a stoploss of Rs 705, for targets of Rs 725 and Rs 732. My second pick is United Spirits. After some consolidation in last few weeks, it has started moving above the all-time high of Rs 2,625 based on closing prices. I recommend a buy with a stop of Rs 2,625 for targets of Rs 2,675 and Rs 2,700.