Here are some stock picks from Ashish Chaturmohta

"I am expecting the stock to cross it's previous all-time high and can target somewhere around Rs 4000-4050 in a short span of time. However if you look at the kind of chart structure this stock has formed, I will not be surprised to see it crossing Rs 4,250 in next 3-5 months. So, overall BEL is a buy at current level with a stop loss below Rs 3,570 and on upside expecting a target of Rs 4,000 in a short span of time," he said.

Indiabulls Housing Finance

"Indiabulls Housing Finance made it's previous high in the month of February around Rs 650. Post that, the stock saw correction till Rs 520-530. Around Rs 520-530 it has taken multiple support and post this base building, the stock has given a fresh breakout at it's all-time high."

"Now the stock crossing it's all-time high can give another 10-15 percent upside, so we are looking for a target of Rs 720-730 in a short span of time. One can initiate a long call keeping a stop loss below Rs 650 for an upside target of Rs 720," he said.

Natco Pharma

"Natco Pharma has been consolidating for last four months between Rs 2,600 to almost Rs 1,800-1,850 kind of levels. Around Rs 1,800-1,850 the stock has formed a very strong base and on the weekly and monthly charts it has given a fresh breakout around Rs 2,250. If you look at it in terms of delivery volumes also there is a very strong surge in delivery volume activity."

"As most of the pharma stocks are trading either at all-time high or 52-week high, clearly there will be a strong action in good quality midcap companies and there I believe Natco pharma looks very strong. We are expecting a target of Rs 2,700-2,750 in next couple of trading sessions. One can initiate long position keeping a stop loss below Rs 2,390 for a short-term target of Rs 2,700-2,750," he said.

Disclosure: Analyst does not have any personal holdings.