Check out: Top stocks ideas by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, Sharmila Joshi of Peerless Securities and Sharmila Joshi of Peerless Securities suggest top picks for the day.

Sudarshan Sukhani of s2analytics.com

Markets were in fine shape yesterday and we are looking to buy Ceat for today. It is in a trading range after a mild correction and that correction seems to be getting over as the stock actually moved up yesterday and is coming out of that range. Once it comes out of that range it begins a new up move. So Ceat for today is an attractive opportunity as the breakout is just happening and strong momentum on the upside could be found.

Sometimes when we take slightly larger risks we can also get attractive rewards. For people who are willing to take some risk I am suggesting a buy in Jain Irrigation. The stock seems to be bottoming out, that process itself is time consuming but as of now there is a double bottom and a breakout that is imminent after the double bottom has been made. So a breakout on the upside is coming, that is the way the stock behaved yesterday and I would suggest you go and buy Jain Irrigation. Understand that this is a high risk high reward trade, keep your stop loss and follow it but the chances are that this may actually move up, gain momentum and reach your targets fairly easily.

Sharmila Joshi of Peerless Securities

The stock that I would recommend is Reliance Industries. We have had some amount of positive sentiment rub-off on the stock, on the entire space post the gas pricing issue. While some clarity is awaited as far as Reliance is concerned I think things will get sorted out. Also numbers are expected to be good following the fact that rupee has depreciated and they do stand to gain from that. So, on these two counts as well as the fact that Reliance has actually broken out of that Rs 800-900 kind of range that it has been trading for the longest time. Now I think it has really the wings to go on the way up to Rs 970. So I recommend Reliance with a target of Rs 970.

Amit Trivedi, Co-Founder of Investworks.in

Given the way markets are moving we have two recommendations on the long side. Our first recommendation is to buy Tata Consultancy Services (TCS) at around Rs 1650 levels for a target of Rs 1695 and stop loss can be placed Rs 1620 levels.

Our second recommendation is to go long on Reliance Industries which can be bought at Rs 920 for a target of Rs 945 and stop loss can be placed at around Rs 905.