Check out: Top trading picks by market experts

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

Sudarshan Sukhani of s2analytics.com
One of the stocks we can consider for today is to go short in Cairn India. Cairn is in a downtrend of some kind. We have tracked it earlier also on the short side and the downtrend persists. A small rally has now met with resistance and the original down move has restored itself again. Sell Cairn expecting lower levels to come by in the next few days.
FMCG stocks are still favourites. We have seen ITC, Hindustan Unilever do very nice things as well as Dabur. For today I am suggesting another FMCG stock that is Godrej Industries. Buy Godrej Industries, the stock has been doing remarkably well, outperforming the broad market and the Nifty. Godrej was in a trading range and is now moving out of that range. That tells us higher levels are coming. So inspite of any choppiness in the market, even if the market remains subdued, some outperforming stocks will do better and Godrej is likely to be one of them. SP Tulsian of sptulsian.com JSW Steel can be shorted at the current level of Rs 717-718 because the stock yesterday seems to have gone up because of the technical factors ahead of the expiry. Lot of long positions having got built and the stock was pulled up in this last half and hour. This rally may not sustain in the next one week to 10 days where the stock can correct to a level of Rs 694-695 and that can be taken as the exit level in next one week or so, so short call can be initiated on JSW Steel. Vishal Kshatriya of Edelweiss Tata Global Beverage has given a breakout with good volumes on its daily chart. Open interest data also indicates long buildup in the stock in last two-three trading sessions. I am expecting stock to trade with a positive bias and recommend going long on June Futures in the range of Rs 144-146 with a target of Rs 155 and stop loss of below Rs 139.
I recommend going short on Maruti Suzuki. Stock has seen aggressive short buildup which is indicated by derivatives data. Technically also stock has broken down its important support and trading below that level. Traders can initiate short June Futures in the range of Rs 1640-1650 with a target of Rs 1550 and stop loss above Rs 1700.