The Indian markets took a breather after the recent rebound and ended marginally lower in a range-bound session. After the initial downtick, the benchmark hovered in a narrow band and settled closer to the day’s low.
The Indian markets took a breather after the recent rebound and ended marginally lower in a range-bound session. After the initial downtick, the benchmark hovered in a narrow band and settled closer to the day’s low.
Consequently, the Nifty index ended lower by 0.5 per cent to close at 16,584 levels and the Sensex closed by 0.64 per cent lower at 55566 levels. Meanwhile, mixed trends on the sectoral front and outperformance of the broader market kept the participants busy.
The global markets, especially the US, closed lower on Tuesday as Dow Jones fell almost 0.7 per cent, followed by S&P 500 down 0.6 per cent and Nasdaq down 0.4 per cent. Similarly, most of the Asian markets gained as Japan’s Nikkei was trading nearly 0.7 per cent in the early morning trade.
Nevertheless, Zee Business brings you a list of stocks for profitable trade on Tuesday. These stocks have been picked keeping in mind intraday call, short-term, positional and long-term investment requirements. Below is the list of stocks.
Stocks recommended by Kushal Gupta
Cash: RVNL – Buy – 34, sl – 31.5
Futures: Hindalco – Sell – 415, sl – 435
Option: HDFC Bank 1380 [email protected] – Buy – 50, sl – 30
Techno: JSPL – Sell – 368, sl – 386
Funda: Infosys – Buy – 1800; Duration – 1 year
Invest: Info Edge – Buy – 5000; Duration – 1 year
News: Mold-Tek Packaging – Buy – 732, sl – 700
My choice:
Sun Pharma – Sell – 840, sl – 870
SBI – Sell – 455, sl – 472
Barbeque Nation – Buy – 927, sl – 885
Best Pick: Hindalco – Sell – 415, sl – 435
Shares recommended by Varun Dubey
Cash: Buy New India Assurance; target Rs 105 SL RS 100
Futures: Sell NALCO; target Rs 93.5 SL 98
Options: Buy Wipro 480 PE; target Rs 20 SL RS 13
Tech: Buy NIIT Ltd; target Rs 475 SL RS 455
Funda: Buy Munjal Auto; target Rs 44 SL RS 41
Invest: Buy Gabriel India; target Rs 150 Duration 4 to 6 Months
News: Buy Speciality Restaurant; target Rs 127 SL RS 120
My Choice:
Sell Vedanta Futures 30 SL RS 328
Sell ONGC Target Rs 147 SL RS 154
BUY Interglobe Aviation Target 1900, SL 1800
Best Pick: Sell NALCO
