Check out: Short term picks by market 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 picks for the day.

Sudarshan Sukhani of s2analytics.com
Markets are in good shape at least in short-term and we should consider buying in midcap stocks. The first of my choices for a buy is Dabur India. Dabur has been in a sustained uptrend. Not only that, when the Nifty dipped Dabur went into a consolidation suggesting there was a lot of strength. We have seen Dabur go through a narrow range. Narrow range days normally eventually break on the side of the trend. In case of Dabur the trend is on the upside, so we can expect a very decent breakout on the upside. It could even take Dabur to new highs. So consider buying Dabur as usual, keep the context in mind but I would be quite comfortable being long in the stock.
Another very strong stock has been Idea Cellular. So consider buying Idea for today. It was in a trading range between Rs 127-137 while the Nifty went through a correction, a sharp correction as we saw almost 500 points but Idea did not correct. Now it is breaking out of that range telling us that new highs are coming for the stock, another outperformer, decent and reasonable chart patterns and suggesting higher targets. So consider buying Idea, always keep stop losses and trade well. SP Tulsian of sptulsian.com Godrej Consumer Products ruling at about Rs 815 looks a good buy because this is a leader in hair colour and household insecticides apart from the leading player in toilet soaps and they have global presence more focused on Latin America. The stock can move to a level of about Rs 875 because we have been seeing buying coming into the stock at lower levels after the stock corrected in last two-three days. So downsides from here on looks limited with potential to move the stock to about Rs 870-875 in next couple of weeks. VK Sharma of HDFC Securities
One stock which I like is Idea Cellular. It closed at around price of Rs 140 which is almost a five year high for the stock. We saw decent amount of open interest being added to the extent of 12 percent. Stock price also went up by 3 percent and I am suggesting buying the 140 call at around Rs 4.5 with a stop loss of Rs 3 and target of Rs 8. But this is a stock which needs to be watched because it is possible that before Diwali it will cross the all time high mark of Rs 161 that it saw in 2008.
Second is an old favourite, IDFC. It is a stock which we have been recommending to clients since long time and although we didn’t see much positions being built only to the extent of 2 percent and stock price went up marginally higher by 1 percent. However, we do see a process of bottom formation here suggesting buying the 145 Call which was available at around Rs 3.75, keep a stop loss of Rs 2.5 and hope to sell this also at a price of Rs 8 making almost Rs 5.5 in the process.