Ashwani Gujral's top five picks for today's trade

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Nifty has resistance at 5300: Ashwani Gujral MindTree can go upto Rs 615: Gujral ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets

Q: Is it more lucrative right now to be playing with the Nifty rather than some of these midcap stocks which was the trade these past ten days or so?

A: In case we break out of 5300 it would be better to play the Nifty, but otherwise there are a lot of thematic plays which are doing quite well like Jubilant Foodworks, Fortis Hospitals , Mundra Port, these stocks are moving regardless of the market. So if you have a decent midcap portfolio that generally tends to do better than Nifty because the Nifty is in a 10% kind of a range, but obviously 5300 gets taken out then you would move into largecaps because some largecaps would have broken out at that point.

Q: What about the other set of Reliance stocks from the ADAG stocks, anything that is standing out there?

A: These are underperformers and the market is now towards the higher end of the range and you can see some movement out there, but nothing that is in a strong trend that you would back for making fresh highs.