The cues from Asian market were positive on Wednesday as all major indices were largely trading in the green in the morning
The cues from Asian market were positive on Wednesday as all major indices were largely trading in the green in the morning. Hang Seng Index at the Hong Kong Exchange was up 0.7%, Chinese Shanghai Composite gained 0.5% and Japanese Nikkei was trading flat in the early trade.
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Meanwhile, SGX Nifty Futures on the Singaporean exchange rose by more than 60 points, hinting at positive opening for the Indian market on Wednesday.
Earlier, the US market continued to see pressure as major Wall Street indices ended in the red on Tuesday. Nasdaq closed lower by 270 points, S&P dropped 32 points and Russell 2000 lost 28 points. However, Dow Jones closed higher by 48 points.
Earlier, the Indian market has closed with nearly half per cent cuts as Nifty50 closed near 16,100 and the Sensex dropped more than 200 points on Tuesday.
Meanwhile, Zee Business research team brings you a list of 20 stocks that could be bought for robust returns on a short-term, positional and long-term basis. These stocks have been picked from cash, F&O and techno segments, and also include intraday calls. Investors can bet on these stocks to make money from their investments. The stocks are also identified based on the development surrounding them.
Kushal Gupta Stock Picks
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Cash
Lumax Ind – Buy – 927, sl – 890
FTR
Metropolis Health FUT- Sell – 1640, sl – 1710
OPTN
Strides Pharma JUNE 300 [email protected] – Buy – 23, sl – 14
Techno
Balrampur Chini FUT – Sell – 380, sl – 400
Funda
Interglobe Aviation – Buy – 1730, sl – 1650
IPL
Jamna Auto – Buy – 155, Duration – 1 year
News
Tega Ind – Buy – 450, sl – 431
Mychoice
JSPL FUT SELL 380, SL 400
JSW STEEL FUT SELL 520, SL 545
TCS FUT – Sell – 3170, sl – 3315
Best Pick
Lumax Ind – Buy – 927, sl – 890
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Ashish Chaturvedi Stock Picks
CASH STOCK
BUY BAYER CROP TARGET 4900 SL 4700
FUTURES
SELL FIRSTSOURCE SOLUTIONS FUT TARGET 100 SL 105.50
OPTIONS
BUY BERGER PAINTS JUNE 600 PE TARGET 32 SL 15
TECHNO
BUY ABBOTT INDIA TARGET 20000 DURATION 3-6 MONTHS
FUNDA
BUY PHOENIX MILLS TARGET 1300 DURATION 6 MONTHS
IPL STOCK
BUY DMART TARGET 4400 DURATION 12 MONTHS
STOCK IN NEWS
BUY TITAGARH WAGONS TARGET 120 SL 98
MY CHOICE
BUY RAILTEL 100 SL 92
SELL ASTRAL FUT TARGET 1600 SL 1700
SELL MPHASIS FUT TARGET 2408 SL 2500
MY BEST
BUY ABBOTT INDIA TARGET 20000 DURATION 3-6 MONTHS
