Check out: Top stock ideas by 3 experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Vishal Kshatriya, Edelweiss give top pick for the day.

Sudarshan Sukhani, s2analytics.com
I would suggest going short in Canara Bank today. PSU banks as a group have been in a downtrend and that downtrend seems to be sustained. Canara Bank had a small relief rally that stopped at the Rs 410-415 area and the downtrend which was punctuated for that correction has again started. So look to sell Canara Bank, expect a target of Rs 365 or even lower and keep a tight stop loss. However, the market is now giving a clear message that it is going down and PSU banks are likely to distinctly underperform.
A lot of short selling ideas are now emerging thanks to yesterday’s carnage. Sun TV has been in a sustained downtrend anyway. And after a brief respite the stock went into a trading range and broke down finally from that range also breaking from significant support. A much larger pattern in Sun TV, a bearish head and shoulder tells us that a low finally will be made below Rs 300 but that is a long way off. For today Sun TV is a short selling idea. Sell Sun TV, keep a stop loss and expect the stock to go at least towards Rs 340. SP Tulsian, sptulsian.com Zee Entertainment ruling below Rs 205 looks a good buy because the stock has been holding even in this carnage and it has not breached the level of Rs 200 which has seen a good support. So may be in next week to 10 days the stock will be able to see a level of Rs 215-216 where profit booking can be made for an estimated gain of about 5 percent. Vishal Kshatriya, Edelweiss Dena Bank has given a breakdown of its very important support placed on its daily chart. Derivatives data also indicates aggressive short built-up in the stock. Short-term traders can initiate short in the range of Rs 87-88 with a target of Rs 80 and maintain stop loss above Rs 92. Tata Global Beverage is currently trading near its important resistance area of Rs 131. I am expecting stock to trade with a negative bias and face supply from its resistance area. Short-term traders can initiate short in the range of Rs 130-132 with a target of Rs 120 and maintain stop loss above Rs 136.