Check out: Stock ideas by top 3 experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and VK Sharma of HDFC Securities give top pick for the day.

Sudarshan Sukhani, s2analytics.com

We are looking to sell Titan Industries today. It had a small rally and that rally eventually took the shape of a bearish head and shoulder. That was a distribution and that distribution has finally been confirmed and Titan has broken down. So, the breakdown suggests that much lower levels are coming as the head and shoulder pattern in Titan works itself out. Look for lower levels and that is a stock we would like to go short in today.

Even in mild down trending market there are buying opportunities and Shriram Transport is a buying opportunity for today. The stock has been in a trading range between Rs 725 and Rs 800. This range has developed after the sustained rally. So, the range is essentially a pause in an ongoing uptrend. This stock fell to its support at Rs 725 and is now beginning a new rally towards the resistance of Rs 800. It may stop earlier, it may stop at Rs 800 but there is a buy here and rather than telling the market where it can go, what we are saying that it has found support, Shriram Transport Finance is going up and we should be part of that upmove. So, this is a stock we want to buy today.

SP Tulsian of sptulsian.com

Canara Bank looks a good buy at the current rate because after bank having posted dull Q3 numbers because of lower or deterioration in the asset quality, the share has corrected but since then it has been now seeing this coupled with short covering. If I go by the expectations of the Budget then that will be seen quite positive for the banking stocks. I am keeping positive stance on majority of the public sector undertaking (PSU) banks after them having corrected because of the dull numbers. If you go by the expected earnings of Canara Bank for FY13, the earnings per share (EPS) is likely to be closer to about Rs 65 and the kind of deterioration of the value erosion, which we have seen in the share price by about Rs 60-70 in the last one month may get largely recovered in this week or so. So, at Rs 455 the stock looks good for a target of about Rs 480-485 in this week.

VK Sharma of HDFC Securities

Jain Irrigation was in demand for the third consecutive day. The volumes were also high by around 30 percent. I am suggesting buying 65 Call, which closed at around Rs 2.5. I think it can be bought because the stock has risen for the third consecutive day. I am suggesting that the stock can be bought at around Rs 2 premium, 65 Call and keep a stop loss at Re 1 and sell this at Rs 5 on the Budget day or before that.

The volumes were not that great but Reliance Communications inched up around 1.4 percent in terms of price, there was mild addition in open interest also at around 1 percent. This is one stock where Options are pretty liquid although this stock closed at around Rs 71.70, I am suggesting buying out of the money call at 75 Call at around Rs 1.7, keep a stop loss at Re 1 and hope to sell this at around Rs 4 before the settlement day or on the settlement.

tomorowwin_stcks_18feb