Bet on GSPL, Tata Global, JSW Energy: Experts

Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral of Aditya Birla Money recommended top picks for the day.

Sudarshan Sukhani, s2analytics.com GSPL
We have already seen that markets have become a bit choppy and that was expected after a big upmove. So in a choppy market, we have selling as well as buying ideas. A selling idea is to go and sell Gujarat State Petronet (GSPL). The stock was going through a mild upmove. That upmove seems to have stalled at Rs 70 mark and these first signs of weakness are evident. It has been a distinct underperformer. That is a stock that I would recommend for selling tomorrow. Sell GSPL. Allahabad Bank
Among the buying candidates is Allahabad Bank. Public sector undertaking (PSU) banks have done rather well and they have bottoming out pattern so there is more upside here. The important point is that we need to buy them only on dips. So buy Allahabad Bank, which has just broken out of its resistance levels. There is a decent target on the upside. If tomorrow is a dip then you get it that much lower otherwise, wait for intraday consolidations and enter it on the long side. SP Tulsian, sptulsian.com Tata Global Beverage
Tata Global Beverage has been seen under accumulation for last about 20-25 days and the delivery based buying has been increasing everyday. And if we see pattern of the buying yesterday, the stock indicates that the aggression of the accumulation is happening now either in anticipation of the good Q4 numbers or because of the stock seem quite undervalued having beaten down in these last three-four months.
So, the stock now is ruling at about Rs 137 or so, can move to more than Rs 145 in this series in the next one week or even one can look for a level of about Rs 152-154 in next one month with minimal downside risk. Hemant Thukral, Aditya Birla Money Sesa Goa
Sesa Goa has seen 11 percent open interest (OI) being added up with the premium to future increasing clearly telling that long OI is being built up.
Technically this stock has managed to cross Rs 144-145, which was acting as a stiff resistance. So in immediate short-term we expect Sesa Goa to go and retest the next resistance level of Rs 152, so traders are recommended to go long. One should keep a stop loss of Rs 142 on Sesa Goa for a target of Rs 152. JSW Energy
The second stock is a midcap power stock, JSW Energy. Technically, this stock was facing a lot of resistance around Rs 60-61 band. Today, the stock has managed to cross that with increase in cash volumes and also an increase in OI to the tune of 3 percent. Majorly, the premium to future has increased clearly telling that long OI has been seen. In immediate short-term, we recommend to go long keeping a stop loss on Rs 59 and a target towards the next resistance level, which is also the 50-day moving average i.e. Rs 67.