Check out: Top chart picks that should do well in near term

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi of Fin Stream Financial Advisors give top pick for the day.

Sudarshan Sukhani, s2analytics.com
Market has entered choppy territory and there are opportunities for selling as well as for buying. We are looking at Dish TV to go short in it. Dish TV saw a small rally but unfortunately that rally stopped well short of its earlier highs. So, a pattern of lower highs and lower lows is intact. That is a bearish pattern. Yesterday, the stock closed significantly lower than its open and that suggests that a downtrend could be beginning. Keep stop losses, which is to protect you from choppiness but consider selling Dish TV today.
Choppy market offers little opportunities for trading. However, we have to make whatever we get out of the charts. A possible buying opportunity today is Bank of Baroda. On the intraday chart it has made a bullish head and shoulder pattern. It has been a very tepid breakout, not very strong but it is possible that we may eventually see follow-through today. So, keep track of the stock, Bank of Baroda, look to buy it on any dip if the Nifty or the Bank index does not fall then perhaps Bank of Baroda could outperform and move higher.
SP Tulsian of sptulsian.com Aurobindo Pharma looks a good buy at Rs 167 because all the pharmaceutical stocks seems to have come back on focus and we have been seeing the renewed buying coming in, in all of them and specifically for Aurobindo Pharma maybe the political advantage is also seen to be going in favour of this because the Yuvajana Sramika Rythu (YSR) Congress in Andhra Pradesh have indicated that they may go with the Congress after the elections in 2014. So that indicates that some kind of patch up now happening and if that happens it will be seen quite positive for the company because the company’s name came into the scam of YS Jagan Mohan Reddy and apart from the fundamentals even this political news can go in the favour of the traders and the investors. So, maybe one can look for a price of about Rs 185 in next 15 days or so.
  Amit Trivedi of Fin Stream Financial Advisors
Given the way market has rallied from 5,650 levels to around 5,970 levels, we think some of the midcap stocks can outperform now. We have recommendation on GMR Infrastructure. There has been some news about company putting up its hotel on sale, so we feel investors can buy GMR Infrastructure at around Rs 20 for a potential target of around Rs 23.5 in the next few days and put the stop loss at around Rs 18.5 in this trade.
Our recommendation is on Steel Authority of India (SAIL). Given the way market has moved and metal stocks have underperformed the market, we think this should correct and SAIL should rally in the next few days. Investors can buy SAIL futures at around Rs 70-70.5, put a stop loss at around Rs 68 and expect a potential target of around Rs 75 in this trade.