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 Vishal Kshatriya of Edelweiss suggest top picks for the day.

Sudarshan Sukhani of s2analytics.com

Markets have given us a strong support level at 5750 and then bounced back. I say this in context that the bounce back confirms a short-term uptrend and we should be looking to go and buy stocks wherever we can. So for today, I am suggesting buying in CESC. The stock was in a narrow trading range after a sustained up move. It already was in an uptrend and then we had this trading range and on Thursday it broke out of that range. That breakout tells us that another up move is likely and hopefully coming in. So today consider buying CESC and look forward for a renewal of that uptrend, which we have seen earlier.

One of our favourite stocks in this upswing has been Reliance Communications. We tracked it when it started crossing Rs 70 and we have been consistently bullish on it. Now for the last three days, the stock is trading in a narrow range. The trend is already up. If the trend is up, the narrow range should eventually resolved itself with an upside breakout. So buy it today even without the breakout and wait patiently for the stock price to break on the upside. This is a very good trade with small risk and potentially decent  reward.

Aashish Tater of Fortunewizard.com

Hexaware Technologies could be a big bet for today's trade because we feel it has crossed its hurdle of Rs 90 on closing basis and now is right for target of Rs 97. From fundamental perspective, if we combine the factors that we are bullish on for IT pack in the midcap space, this is one stock where we feel there is a likely possibility of stock changing somewhere between Rs 130-140. The logic being that General Atlantic which wanted to exit the stock when rupee equation was around 53 has now shifted to 60 and with the same dollar valuation it will get its Rs 135-140 that they were looking for. If this kind of deal happens then Hexaware on risk reward basis looks very lucrative. Right now Infosys, Tata Consultancy Services (TCS) have all shown momentum and it is time for midcap to catch up. So both fundamentally and based on quantitative models that we track, we feel the stock is likely poised for a risk reward ratio of 1:7 for today’s trade.

Vishal Kshatriya of Edelweiss

Derivatives data of HCL Technologies indicates aggressive long buildup in the stock on Thursday's trading session. Besides this, the stock has also given a breakout of its important resistance. I would recommend traders to go long on July Futures at current market price with a target of Rs 850 and stop loss below Rs 770.

Go long on CESC. Aggressive long buildup has been seen in the stock in Thursday's trading session. Besides this it has also given a breakout of its important supply zone. Go long on July Futures at current market price with a target of Rs 400 and stop loss below Rs 340.