Check out: Short term picks by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, Aashish Tater of Fortunewizard.com and Hemant Thukral of Aditya Birla Money suggested top picks for the day.

Sudarshan Sukhani of s2analytics.com
Midcaps are now turning up and we want to take advantage of this scenario. For today, I suggest buying Glenmark Pharma. The stock has just crossed the resistance level at Rs 590. That tells us that strong momentum on the upside could easily develop and take it much higher. Keep a tight stop loss at Rs 581, but within that stop loss I would suggest taking a long side position in Glenmark. In fact even if the Nifty were to open choppy or mildly up or down, Glenmark could still go its own way. So it is worth taking a trade in it.
One of the stocks that we have not favored until now has been Titan Industries, but the charts are now suggesting a change is coming. Titan has been in a trading range for four weeks and is now breaking on the upside from this trading range. A trading range breakout was on the upside tells us that significant up move is developing for the stock. There is also some fundamental news supporting this chart picture, but purely on the charts I would say buy Titan, expect it to go higher and look for carrying the position if it works out for intraday today. Aashish Tater of Fortunewizard.com Vijaya Bank is attractively priced at current levels of Rs 46. We feel with an attractive dividend yield of almost 5.5 percent, this is one stock which will definitely remain in focus and with short covering in PSU banks getting started this will likely to test Rs 51 mark. Even on fundamental front if one sees the non-performing asset (NPA) ratio for this particular bank in the last quarter has improved significantly. The asset quality the bank is sitting on right now, we feel is one of the best in the midcap PSU space. Thus this is one stock where we feel a lot of short covering is due and good asset quality. Plus if one sees the strategy of the bank to avoid the sensitive sectors and focus mainly on retail loan and housing loan has paid of well in the topsy-turvy economic conditions. Thus one can go long on this particular stock both from fundamental perspective and also combining the F&O pointers where we feel huge short covering is due at a level of around Rs 48. Once a stock crosses that level there will be huge short covering which will take the stock to Rs 51. Hemant Thukral of Aditya Birla Money
After showing a long period of consolidation between Rs 840-875, Tuesday Bata India has managed to cross Rs 875 on the back of open interest being added up to the tune of 8 percent. Also premium to the cash future has increased clearly telling that long positions have been added up. So in immediate short-term we feel that stock will retest the earlier highs of Rs 910-915. So we recommend to go long on Bata with a stop loss of Rs 860 and target of Rs 910.
Second stock strategy is on a midcap financial stock that is Shriram Transport Finance Corporation. On Tuesday, the stock has seen a surge in open interest to the tune of 5 percent along with premium increasing clearly implying that long positions have been added up. Technically, stock has managed to close above the 200 days moving average, Rs 701-703 zone was acting as a stiff resistance. So we feel that immediate short-term the stock now can retest Rs 740-745 levels. We are recommending to go long on Shriram Transport with a target of Rs 745 and stop loss of Rs 675.