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 Vishal Kshatriya, Edelweiss give top pick for the day.

Sudarshan Sukhani of s2analytics.com
For today a suggestion is to go short in Reliance Infrastructure. On a longer term chart Reliance Infrastructure is now breaking out from a major multi month trading range that gives it a very low level before it can say that we have met its pattern target, much lower than we can imagine. So Reliance Infrastructure at Rs 415-420 is a sell as a positional trade as well as a short-term trade for today because the breakdown is likely to see quite a lot of losses in the next couple of days. Technically the chart is very weak, I would suggest going short in Reliance Infrastructure. Shorting should be done by professional traders.
Markets are weak and the chances are that they will remain weak inspite of the news that keeps on coming in because we are having good news and bad news. However, some stocks are likely to outperform and the key here is to be on the right stocks whenever the markets rally. For today we are looking at Lupin. Assuming that something good comes out of the policy or does not, selected defensives are seeing very good buying and very attractive chart patterns, Lupin is one of them. Lupin is on the verge of breaking out from a trading range on the upside and that breakout will propel it into lifetime new highs. So all in all the stock is very well poised for gains even in a weakening market. So I would suggest Lupin as a buy. SP Tulsian of sptulsian.com
In such a volatile market it is very essential to look for a defensive stock with the growth prospects in respect to that stock as well as the industry. So I have chosen Berger Paints which looks quite good at the current price and can give a return of about 5 percent in next one month or so because considering the prospects on the paint industry and the growth of this particular stock, which has recently acquired the decorative division of Sherwin Williams Paints, will be seen quite positive and the stock should be able to give you a return of 5 percent in next 20-30 days. Vishal Kshatriya, Edelweiss
I recommend going short on Housing Development and Infrastructure Ltd (HDIL) March Futures. Technical indicators on daily chart have given a sell signal. Derivatives data also indicate short buildup in the stock. Short-term traders can go short on March Futures in the range of Rs 64-65 with a target price of Rs 58 and maintain stop loss above Rs 68.
I recommend going short on PTC India. The overall trend in the stock is negative with is depicted by formation of lower tops and lower bottoms on its daily charts. Technical indicators on daily chart are also trading with a negative bias. Open interest data indicates short buildup in the stock. Short-term traders can initiate short on March Futures in the range of Rs 61-62 with a target of Rs 55 and stop loss above Rs 65.