Five short term picks by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, Aashish Tater of Fortunewizard.com and VK Sharma of HDFC Securities suggested top picks for the day.

Sudarshan Sukhani of s2analytics.com Markets are in good shape and we should be looking for buying opportunities. Buy KPIT Cummins Infosystems, it has been in a trading range for sometime, it has been pushing against resistance at Rs 122-123 and it has successfully crossed that resistance today. So I would expect a target of Rs 130, this is a short-term trade but in midcaps it looks like an attractive opportunity. I would suggest buying Exide Industries. It had a sharp correction. After the sharp correction the stock was in a trading range. It is on the verge of a breakout from that range on the upside. So if we buy tomorrow it would mean actually catching the breakout itself. It is an attractive opportunity given the momentum in the markets on the upside, it is worth looking at. Aashish Tater of Fortunewizard.com In 2010 Apollo Tyres had actually gone for vertical integration by acquiring some rubber plantation. From 2015 this will be very good for the company and this will make it insulted from fluctuation in rubber prices. With higher price this will be a very good strategy from company's point of view and if you see the replacement cost of cooper tyre rubber the way international players have been talking about we feel the replacement value was much higher than what it has been actually paid for. So at current levels we see all the market risks have been already factored in the prices and we feel in the medium term the stock could stabilise around Rs 78-79 levels. However from short-term perspective we expect a short covering combining the F&O pointers where we feel a target of Rs 68.60 and 71.25 is likely achievable from short-term perspective. VK Sharma of HDFC Securities Reliance Industries is likely to do well after Moily's clarification and also the fact that the gas prices have not been capped so far. So I am suggesting buying the 880 Call here which was available at around Rs 16. I am suggesting to keep a stop loss at Rs 12 and I hope to sell this Call at a price of Rs 30 making around Rs 14 in the process. Buy United Phosphorous as positions have not be added here, people have booked profits but the stock has gone up by around 1.6 percent today. I am suggesting buying the 145 Call at around Rs 4.7, keep a stop loss at Rs 3 and sell this call at Rs 7. The risk reward ratio is good enough for a trader to take this for a day or for two-three days.