Even as domestic equity benchmarks Nifty50 and Sensex closed negative for the second consecutive session on Wednesday, the cues from Asian and global markets were negative on Thursday.
Even as domestic equity benchmarks Nifty50 and Sensex closed negative for the second consecutive session on Wednesday, the cues from Asian and global markets were negative on Thursday. Indicating yet another weak start for the Indian market, SGX Nifty Futures declined over 90 points on the Singaporean exchange in the early morning trade on Thursday.
Meanwhile, Japanese Nikkei 225, Chinese Shanghai Composite and Hang Seng Index at the Hong Kong Exchange traded deep in the red as they declined 0.3%, 0.4% and 1.4% respectively on Thursday. Besides, the US markets ended lower on Wednesday too. Dow Jones declined 177 points, Nasdaq ended lower by 97 points and S&P 500 dropped 31 points amid volatility.
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Even though the market continues to trade with volatility, Zee Business research team religiously brings you a list of 20 stocks that can be bought for profitable trade. The list comprises intraday stocks, F&O calls and stocks to buy on a short to long-term basis. Based on news development and share movement, these stocks are picked from cash, F&O and techno space to help investors make money on their capital. Below is the list of stocks identified by Zee Business research analysts Kushal Gupta and Ashish Chaturvedi.
Kushal Gupta Stock Picks
Cash
AMI ORGANICS – BUY – 950, SL – 910
FTR
HERO MOTO – BUY – 2840, SL – 2730
OPTN
INTERGLOBE AVIATION 1820 CE@90 – BUY – 110, SL – 80
TECHNO
VOLTAS – BUY – 1070, SL – 1030
FUNDA
SIYARAM SILK MILLS – BUY – 535, SL – 515
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INVEST
ASHOK LEYLAND – BUY – 180
DURATION – 1 YEAR
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NEWS
ASIAN PAINTS – BUY – 2930, SL – 2820
MYCHOICE
CANARA BANK – BUY – 214, SL – 205
GODREJ PROPERTIES – SELL – 1328, SL – 1385
LUPIN – SELL – 592, SL – 618
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Ashish Chaturvedi Stock Picks
CASH STOCK
BUY GOKEX TARGET 490 SL 470
FUTURES
SELL IPCA LABS TARGET 875 SL 900
OPTIONS
BUY RBL BANK 110 PE TARGET 6.70 SL 4.50
TECHNO
BUY KEI IND TARGET 1390 SL 1270
FUNDA
BUY SUMITOMO CHEM TARGET 560 DURATION 6-9 MONTHS
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IPL STOCK
BUY ELECON ENGINEERING TARGET 255 DURATION 12 MONTHS
STOCK IN NEWS
BUY GREAVES COTTON TARGET 170 SL 158
MY CHOICE
BUY CCL PRODS TARGET 390 SL 360
SELL CHAMBAL FERT TARGET 345 SL 365
BUY BOB TARGET 107 SL 99
MY BEST
BUY RBL BANK 110 PE TARGET 6.70 SL 4.50
