Check out: Trading picks by Sukhani, Tulsian, Thukral

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral of Aditya Birla Money give top pick for the day.

Sudarshan Sukhani of s2analytics.com
Market is choppy and we should consider long as well as short trades for the day. One trade for the day is on the short side is to consider selling Steel Authority of India (SAIL). SAIL has been in a downtrend consistently for months then it had a small rally and that rally stopped at Rs 61-62 area, which is now acting as resistance. This stock is now sliding from that resistance area again. So, look to short SAIL. It is in the Futures and Options (F&O) segment so only professional traders should be doing this. Indraprastha Gas (IGL) has been fairly volatile in the recent weeks and after seeing strong rallies it has gone through a deep correction and that correction maybe getting over. Therefore, buy IGL for the day. Its correction is over; a small trading range is giving signs of an imminent breakout on the upside. This stock has seen a strong uptrend, so buy on a dip. SP Tulsian of sptulsian.com
All the midsized public sector undertaking (PSU) banks are showing weakness like Dena Bank, Andhra Bank, UCO Bank. Therefore, in this space Dena Bank looks weak. The stock ruling now close to Rs 87 and can correct to a level of Rs 84 in the near term in the next two-three days. So, one can go short at the current level with a time horizon of next three days. Hemant Thukral of Aditya Birla Money
The stock strategy for the day is on Anil Dhirubhai Ambani Group (ADAG) trading favourite stock Reliance Communications (RComm). Aggressive shorts were built-up on Wednesday to the tune of 11 percent and technically the stock has gone below Rs 110-111 support zone where 50 days and 20 days moving average are coinciding. In immediate short-term we expect the stock to retest the next strong support zone of Rs 102-104. Therefore, we recommend going short on Reliance Communications, keeping a target of Rs 102 and a stop loss of Rs 112 on it. Oriental Bank of Commerce (OBC) is a midcap public sector undertaking (PSU) bank. All PSU banks especially the midcaps are experiencing or witnessing selling pressure. OBC in special case has seen an open interest on the short side of 14 percent. Technically the stock has given away Rs 255-256 zone, which was a 50 days moving average support level. In immediate short-term expect the stock to test Rs 240-245 zone. So, we recommend going short on OBC with a stop loss of Rs 258 and a target of Rs 244.