Check out: Hot trading picks to make smart gains

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

Sudarshan Sukhani of s2analytics.com
Market is cheerful and it seems that good quality midcaps may be having the start of an upmove. While the market will do what it wants, it is worthwhile to buy. I would suggest buying Allahabad Bank. It has seen a deep decline, sharp downtrend almost like bear market. It is too early to say if this bear market is over but at least for the short-term traders, there are signs that a rally that started two days ago may continue. So, consider buying Allahabad Bank for the day as an intraday trade. Buy on a small dip or a consolidation and look to take whatever the market gives.
With market momentum on the upside, at least in the short-term, I would suggest buying Apollo Tyres. It is not just a day trade; it is a trade for today. It is also a positional trade. The stock has gone through a small correction, made a bullish pattern, an ascending triangle. Broken out of that pattern suggesting eventually targets that could be Rs 92-93 or even higher. So, it is a day trade and it is something that trader might like to carry till the eventual targets are reached or even exceeded. In any case this stock is something that I would suggest traders should be positioning only for buying.
SP Tulsian of sptulsian.com Tata Global Beverage looks a good buy which is a fast moving consumer goods (FMCG) play and Monday’s volume indicates that value buying has again emerged and lot of delivery based buying has been seen in the stock. This indicates that the selling by the insurance companies, which we have been witnessing for the last couple of months have stopped and maybe strong hands have again started acquiring this company, which has a strong presence in tea globally whether India, US, Canada, Australia, Europe and apart from that they have 56 percent stake in their subsidiary Tata Coffee, which is also doing quite well. So, all this indicates the share to move to about Rs 155-156 in this series giving a gain of close to about 6-7 percent.
  Hemant Thukral of Aditya Birla Money
After being hammered from Rs 340 levels, Gujarat Fluorochemicals is trying to form a bottom around Rs 265-260 levels, which is very close to its 52 week low of Rs 250-252. This stock looks good to go up from the current prices and retest Rs 285-288 zone, which is the next stiff resistance for it. Traders have to keep a stop loss, so they should keep a stop loss of Rs 267 on the counter. Exide Industries was completely battered out of shape from Rs 155 post result till Rs 115. Last one week we have seen the stock has seen short covering and manage to come till Rs 128-130 zone. So, in short-term traders should go long on Exide, keeping a stop loss of Rs 127 and target of Rs 136.