Check out: Short term picks for today

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

Sudarshan Sukhani, s2analytics.com

Markets continue to be in a very cheerful state and we should be looking to buy sectors and companies that are just beginning to show bullish patterns. So we consider buying Syndicate Bank today. The stock has given us a basing pattern, made a double bottom and broken out of that. This tells us that the upside in this particular counter is just beginning and that is okay because some stocks top out, some stocks rally early and some stocks rally late. This is probably one of the late rallies and hopefully we can catch a big move here. So consider buying it and then keep the stock till it gives you strong momentum.

Even in this strong up trending market there are stocks that are worth going short into and Titan Industries is one of them. It has been a disappointing chart, the stock is in a downtrend, rallies are just bear market rallies and Titan is completing a bear market rally and beginning a down move again. So short Titan and expect a downside even if the market remains choppy or a significant downside if the market decides to correct.

SP Tulsian, sptulsian.com

SpiceJet now ruling at Rs 37 still looks very good because if you really take the market cap of less than Rs 2000 crore and enterprise value of less than USD 1 billion, I think still it is leaving lot of room for appreciation in this stock post the Jet-Etihad deal having taken place at an enterprise value of over USD 5 billion dollar. This airlines being the second after Jet, so this company is likely to evince interest may be by the potential acquirer those who will be interested in acquiring the stake. The kind of volume and the delivery based buying which we have seen happening yesterday in the stock indicates that the stock has started coming on the radar of the value investor and stock can move to about Rs 45 or so in next couple of weeks. So my advice is that at Rs 37 and with a time horizon of about couple of weeks this can be looked as an investment stock. The only problem that the stock is only listed on BSE and not on NSE so that needs to be exercised.

Vishal Kshatriya, Edelweiss

First pick is long on TV18 Broadcast. The stock has given a triangle pattern breakout with good volumes on daily charts. Technical oscillators are also trading with a positive bias. Traders can initiate long at current market price with a target of Rs 32 and stop loss below Rs 26.

Second pick is sell on DLF. Stock has strong resistance near Rs 250. Technical oscillators are also trading with a negative bias. Take an immediate short on May Futures in the range of Rs 244 to Rs 246 with a target price of Rs 230 and maintain a stoploss above Rs 252.

Disclaimer: Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.