Check out: Buy/sell ideas by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, Sharmila Joshi of Peerless Securities and Amit Trivedi, Co-Founder of Investworks.in give top pick for the day.

Sudarshan Sukhani of s2analytics.com

The ADAG group of stocks is literally on fire and most of them are offering bullish pattern, so for today consider buying Reliance Infrastructure. It has made a bullish head and shoulder pattern and is on the verge of a breakout. So we are buying today just as a breakout could be taking place. If you see the slightest sign of strength in Reliance Infrastructure which means if it is trading higher on Monday’s close, go long in it and expect it to do much better.

Oil marketing companies (OMCs) have been in a downtrend for sometime, that downtrend is likely to continue especially when we see the charts for Brent crude where Brent is heading towards a USD 110 per barrel and may be even higher. So crude oil is going up and OMCs are coming down. That is a matter of regret but whatever it is Hindustan Petroleum Corporation (HPCL) is a short sell here. HPCL was in a narrow range and yesterday it broken down from that range. This is the continuation of an existing downtrend. We should expect lower levels coming ahead, so for a day trade HPCL as a short sell.

Sharmila Joshi of Peerless Securities

I recommend Reliance Infrastructure. We are seeing resurgence in the entire ADAG pack. Along with that the fact that Reliance Infrastructure will see that their Mumbai metro is almost close to completion as well as among the road projects that they have, two are expected again in Q1 of FY14. Therefore a lot of the negatives to do with Reliance Power etc are also out of the way and they are seeing an improved possibility of good cash flows. So that makes me positive on the stock with a slightly higher longer term target of close to Rs 450. For the day we can buy it with a target of about Rs 380.

Amit Trivedi, Co-Founder of Investworks.in

Given the way markets are moving we have a long and a short trade. Our first recommendation is to buy Larsen and Toubro (L&T) which can be bought at around Rs 1400 for a target of Rs 1430 and stop loss can be placed at around Rs 1382 levels.

Second strategy is to go short in Hindalco Industries, which can be sold at around Rs 100 for a target of Rs 95 and stop loss at Rs 102.