Check out: Top chart picks by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral, Aditya Birla Money give top pick for the day.

Sudarshan Sukhani of s2analytics.com
Oil marketing companies (OMCs) are giving us buy signals which is not unusual because crude itself is coming down, so that suggests some kind of an upbeat momentum and I would suggest buying Hindustan Petroleum Corporation (HPCL). It was in a trading range, that trading range has now broken out on the upside. So the stock is giving us a message that it is going higher. Expect a target of Rs 302 or even Rs 305, keep a tight stop loss and expect that this stock will outperform the Nifty in the very short-term.
Markets are in a downtrend and slightly choppy. In a down trending market a lot of good quality stocks are also now moving down. So for today we have Aditya Birla Nuvo, which we can suggest for short selling. The correction in this stock has already started. It has come down to a point where a range has broken down and a target of Rs 900 is looking visible on the downside. Keep a tight stop loss and expect this stock to continue towards its Rs 900 target. In a bear market, in a downtrend, downside targets can easily be exceeded. So the risk is small and hopefully the reward is decent. SP Tulsian, sptulsian.com Glenmark Pharma at Rs 492 looks a good buy for a target of about Rs 525-530 in next 10-12 days because nothing adverse has come against the company in the matter where Merck have gone to court. If we see the price corrections having taken place in this last 15-20 days, that has made the stock under owned and now with positive view on all the leading pharma companies this stock looks quite undervalued. Hemant Thukral, Aditya Birla Money
First stock strategy for the day is a midcap FMCG stock, Tata Global Beverages. Now what we have seen in this midcap stock yesterday that fresh open interest to the tune of 7 percent is being built up with a price increase as well as increase in the premium to the stock price clearly explaining that long open interest has been built-up. Technically also this stock has managed to cross Rs 130-131 zone which was acting as a resistance point for it. So we recommend traders to go long on Tata Global with a price target of Rs 140 and a stop loss of Rs 127 on the same.
Second stock pick would be Pantaloon Retail. This is a high beta midcap and what we have seen on this is already 8 percent open interest being built-up. Premium has moved up clearly telling that it is seeing a supportive buying or long open interest being built. Technically Pantaloon has been forming a strong base around Rs 149-150 today managing to cross above Rs 157 which was a slightly minor resistance zone for it. In immediate short-term we expect this stock to move up and retest a higher resistance level of Rs 170-171. So we recommend traders to go long on Pantaloon keeping a stop loss of Rs 149.