The Indian market closed in the red on Wednesday amid q4 earnings season and weak global cues. Benchmarks Nifty50 and the Sensex closed 0.31% and 0.41% lower. The Nifty50 dropped more than 50 points to slip below 17,500, while the Sensex declined nearly 250 points to settle around 58,300. Among the sectors, FMCG, metal, oil & gas, pharma and healthcare ended in positive and other sectors largely closed on a negative note in a weak market.
Meanwhile, Asian markets were trading negative on Monday morning. Japanese Nikkei 225 was trading lower by more than 1.75%, Chinese Shanghai Composite declined over 1%, while SGX Nifty Futures dropped nearly 50 points on the Singaporean exchange in the early trade on Monday.
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Earlier, the US markets ended deep in red on Friday as all major indices closed lower. Benchmarks Dow Jones declined 0.3%, Nasdaq Composite closed 2.14% and S&P 500 dropped 1.21%.
Ahead of the market opening, Zee Business brings you a list of stocks for profitable trade on Monday. These stocks have been picked from cash, F&O and techno space to help investors make money on a short-term, positional and long-term basis. Below is the list of stocks, take a look
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY ROYAL ORCHID HOTELS TARRGET 158 SL 145
FUTURES
SELL BIRLASOFT TECH TARGET 440 SL 459
OPTIONS
BUY SUN PHARMA 940 CE TARGET 19 SL 11
TECHNO
BUY DEEPAK FERT TARGET 815 SL 600
FUNDA
BUY ARVIND LTD TARGET 166 DURATION 9-12 MONTHS
IPL STOCK
BUY PRAJ IND TARGET 540 DURATION 9-12 MONTHS
STOCK IN NEWS
BUY ORIENTAL HOTELS 68.50 SL 65.50
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MY CHOICE
BUY BF UTILITIES TARGET 403 SL 385
BUY DHANUKA AGRITECH TARGET 790 SL 765
BUY TAJGVK HOTELS TARGET 192 SL 177
MY BEST
BUY SUN PHARMA 940 CE TARGET 19 SL 11
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Varun Dubey stock Picks
Buy Rites Target Rs 282 SL RS 266
Futures
Sell Infosys Target Rs 1700 SL RS 1770
Options
Buy Tata Steel 1340 CE Target Rs 40 SL RS 25
Tech
Buy BEML Target Rs 1920 SL RS 1820
Funda
Buy Ambuja Cement Target Rs 385 SL RS 360
IPL
Buy CAMS Target Rs 3200 Duration 6 Months
News
Buy NTPC Target Rs 160 SL RS 150
My Choice
Buy Himatsingka Siede Target Rs 165 SL RS 154
Buy BAnswara Syntex Target Rs 272 SL RS 255
Buy ONGC target 180, sl 170
Best Pick
Buy Tata Steel 1340 CE Target Rs 40 SL RS 25
