Check out: Top intraday picks for June 05

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Gupta of icicidirect.com give top pick for the day.

Sudarshan Sukhani, s2analytics.com Markets are in a difficult shape and the easiest trades for today appear to be short selling. Sell IDBI Bank, it has gone below its earlier lows of Rs 78 which means a pattern of lower highs lower lows is not only intact, it has been reaffirmed. IDBI has also been one of the weakest PSU or private sector bank whatever you call it. So IDBI is a short sell for today and if it works out you may also consider carrying it. An easy short sell for today is Jindal Steel & Power (JSPL). It has been consistently coming down and we have been giving sell calls on this share for a long time now. Unfortunately the sell calls continue to work and persist. A downtrend is still intact, it is now breaking the Rs 300 levels and becoming sub Rs 300. A trading range breakdown tells us that new momentum on the downside is emerging and a strong down move could again come almost immediately. So consider selling JSPL today. SP Tulsian, sptulsian.com Future Retail now ruling at Rs 138, looks a good short-term buy because the stock has the potential to move to a level of Rs 150 in next week to 10 days because the price behaviour of the stock for last 10 days has been moving in a tight range of Rs 130-140 which indicates that the stock has been in accumulation for all these days. Yesterday we have seen it moving up with slight increase in the volume what we have been seeing on the average volume for last 10 days which indicates a positive up move. So a target of Rs 150 may be kept in mind and buying can be initiated at the current level of Rs 138. Amit Gupta of icicidirect.com We expect Nifty to consolidate at least in the near term so we have both long and short call in the stock specific. At the long side one can look at Dr Reddys Laboratories. The stock has come to the life time highs even in this market where we are seeing partial profit booking, so we should give lot of credit to the stock and the money inflow we have clearly seen coming into this that came before in Sun Pharma or Lupin now it is coming to Dr Reddys. If you look at the short covering it has happened to the extent of almost 10 percent in the last few sessions so on declines it is a good buy. You keep your buy levels around Rs 2110-2120 and look for a target of Rs 2240 or much higher in the stock. The stop loss should be around Rs 2050 where recently it has consolidated and then started moving up. On the short side one can look at Punjab National Bank (PNB). If you look at the last two quarter results of PNB they were good and people found long positions but the stock price is not showing that kind of strength at all and this is where the long traders have got stuck up in the stock. This time it moved up till that level only from where it started moving in January quarter so that was around Rs 820 and this time it has stopped at Rs 820. So long traders are stuck up, it may see long liquidation in the coming sessions and the trend line which it was falling from April onwards it has breached that trend line also. So, on the higher side it is likely to face lot of resistance. You pick at Rs 750-755 levels in the short side, keep us stop loss somewhere around Rs 774 and look for a target of Rs 710 on the stock.