Super Six short term picks for September 12

On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Gaurav Ratnaparkhi of Sharekhan and Pritesh Mehta of IIFL, 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
We have a buy call on Delta Corp. The chart structure shows a decent breakout in case of yesterday’s trading session and we recommend buying the stock above the levels of Rs 66.5. Buy above Rs 66.5 place a stop loss at Rs 61 and trade bullish for a target of Rs 73 to Rs 75 over the next four-six trading sessions.
We have a sell call with regards to Sesa Goa September futures. The daily candlestick pattern in case of Sesa Goa September futures shows that there is a possibility of a small corrective move towards Rs 178 to Rs 175 mark. The overall chart structure still remains very much bullish but we expect this corrective to pan out over the next four-six trading sessions. We recommend selling the stock only below Rs 186 on the September Futures contract, place a stop loss at Rs 194 and trade bearish for a target of Rs 175 over the next four-six sessions.
Gaurav Ratnaparkhi of Sharekhan Opto Circuits India has been consolidating at its crucial daily moving average since last few weeks in terms of price pattern the consolidation has taken form for bullish triangular pattern and the pattern has been broken out on the upside in the last sessions. The daily momentum indicator has given a fresh buy signal from the equilibrium line. The stock has significant upside potential from current level. Overall equality target on the upside comes to Rs 34.20. However, from trading perspective target will be Rs 29.50 and stop loss can be placed at Rs 25.30. Tata Power has broken on the upside from a bullish wedge pattern. The breakout has occurred along with significant volume activity which suggests that the breakout is likely to be valid and the price is likely to sustain in the higher territory also the daily momentum indicator has formed a bullish hook, which is inline with the bullish price pattern. So, one can buy this stock with stop loss of Rs 71 for target of Rs 80 and timeframe is two-three days.
Pritesh Mehta of IIFL
We have a buy recommendation on Havells India. Base building pattern was seen between Rs 590-630 since last week. On Wednesday’s trade the stock broke out from rectangular consolidation. The stock is trading above short-term moving averages. Buy above Rs 640 with stop loss of Rs 620 for a target of Rs 690 in next six-seven trading sessions.
We have a buy recommendation on Voltas. It has given a breakout from falling wedge pattern. Earlier the stock was stabilising between Rs 64-65, which suggests base building activity. On hourly chart the stock has given a breakout from bullish triangle formation such back to back confirmation on the medium-term charts and the short-term charts support buying argument in the counter. Buy above Rs 69 with a stop loss of Rs 66 for a target of Rs 75.