After the Indian market closed strongly on Tuesday, the cues from Asian markets remained largely negative on Wednesday morning.
After the Indian market closed strongly on Tuesday, the cues from Asian markets remained largely negative on Wednesday morning. A majority of the Asian indices, including SGX Nifty, were trading in the red in early trend on Wednesday.
SGX Nifty Futures, which indicates opening trends for the Indian market, was trading 35 points lower on the Singaporean exchange in the opening trade on Wednesday.
Japanese Nikkei 225 was trading flat, while Hang Seng Index at the Hong Kong exchange dropped 0.5% and Chinese Shanghai Composite slipped 0.2% in the morning trade.
However, the US market had closed on a strong note on Tuesday. Dow Jones gained 2.15%, Nasdaq ended higher by 2.5% and S&P 500 ended higher by 2.4% on Tuesday.
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Meanwhile, Meanwhile, Zee Business research team brings you a list of 20 stocks that can be bought for profitable trade. The list is prepared by the team on a daily basis and comprises intraday stocks, F&O calls and stocks to buy on a short to long-term basis. Based on news development and share movements, these stocks are picked from cash, F&O and techno space to help investors make money on their capital. Below is the full list:
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY HGS TARGET 1035 SL 968
FUTURES
BUY TVS MOTORS TARGET 758 SL 739
OPTIONS
BUY TATA STEEL 880 CE TARGET 33 SL 21
TECHNO
BUY COAL INDIA TARGET 200 SL 174
FUNDA
BUY VOLTAS TARGET 1175 DURATION 6-9 MONTHS
INVEST STOCK
BUY LTTS TARGET 3800 DURATION 12 MONTHS
STOCK IN NEWS
BUY AMBER ENT TARGET 2235 SL 2068
MY CHOICE
BUY HOME FIRST TARGET 810 SL 750
BUY ASTRAZENECA TARGET 2930 SL 2700
BUY MAHINDRA LIFE TARGET 400 SL 370
MY BEST
BUY COAL INDIA TARGET 200 SL 174
Kushal Gupta stock Picks
Read More: Stocks to Watch Today: HDFC Bank, Greenlam, Hero MotoCorp, PVR, and Others
Cash
Suprajit Engineering – Buy – 335, sl – 320
FTR
Firstsource Solutions – Buy – 103, sl – 97
OPTION
TCS 3200 CE@60 – Buy – 80, SL – 50
Techno
Cipla FUT Sell – 915, SL – 950
Funda
Tata Motors DVR – Buy – 260, Duration – 1 year
Invest
SBI – Buy – 600, Duration – 1 year
News
PVR – Buy – 1840, sl – 1770
Mychoice
Marico FUT – Sell – 470, sl – 490
HUL FUT Sell 2140, Sl 2230
Tech Mahindra Buy 1030, SL 985
Best Pick
Marico FUT – Sell – 470, sl – 490
