On Wednesday morning, all important Asian indices were trading in the green in eary trade. Japanese Nikkei was trading 0.78% to 28,040, Hang Seng Index at Hong Kong Exchange was up 288 points or 1.24% to 23,767 and Shanghai Composite was trading flat at 3558 around 7.40 am.
The S&P BSE Sensex fell by about 200 points, while the Nifty50 closed below 17000 as Bears took control of D-Street in the second half of the trading session on Tuesday. The S&P BSE Mid-cap index rose 0.29 per cent, while the S&P BSE Small-cap index rose 1.4 per cent.
On Wednesday morning, all important Asian indices were trading in the green in eary trade. Japanese Nikkei was trading 0.78% to 28,040, Hang Seng Index at Hong Kong Exchange was up 288 points or 1.24% to 23,767 and Shanghai Composite was trading flat at 3558 around 7.40 am on Wednesday.
In the US market, major Wall Street indices closed in the red on Tuesday. Dow Jones slumped 1.86% or 652 points to 34,483, Nasdaq Composite ended lower by 245 points to 15,537 and S&P 500 settled for 4567 after shedding 88 points or 1.90%.
Even before market opens, like always, Zee Business Research team has identified a list of stocks that can generate good returns for investors on a particular day. The investors can refer to this list for profitable trade on Wednesday.
Varun Dubey’s Stock Picks
Buy Hind Copper Target Rs 116 SL RS 109
Sell HDFC Ltd FUT Target Rs 2630 SL RS 2710
Buy ONGC 142.5 PE Target Rs 7 SL RS 4.5
Sell Mphasis FUT Target Rs 2850 SL RS 2925
Buy Ultratech Cement Target Rs 7530 SL RS 7400
Buy Fermenta Biotech Target Rs 370 Duration 4 to 6 months
Buy RVNL Target Rs 35 SL RS 32.5
Buy NBCC Target Rs 42 SL RS 39.5
Buy GNFC Target Rs 442 SL RS 417
Sell Motherson FUT Target Rs 206 SL RS 212
Best Pick
Buy Hind Copper Target Rs 116 SL RS 109
Ashish Chaturvedi’s Stock Picks
BUY TALBROS AUTO TARGET 354 SL 333
SELL APOLLO TYRES FUT TARGET 201 SL 209
BUY CIPLA 970 CE TARGET 46 SL 27.65
SELL ASHOK LEYLAND FUT TARGET 115 SL 122
BUY MAX HEALTHCARE TARGET 405 SL 370
BUY SCI TARGET 190 DURATION 12-18 MONTHS
BUY BALRAMPUR CHINI TARGET 322 SL 306
BUY RAIN IND TARGET 203 SL 193
BUY TATA COMMUNICATIONS TARGET 1380 SL 1280
SELL IDFC BANK FUT TARGET 43.50 SL 45.90
MY BEST
SELL ASHOK LEYLAND FUT TARGET 115 SL 122
