After two back-to-back negative closings, the Indian market is likely to open on a positive note on Wednesday as majority of the Asian indices traded higher in the early trade.
After two back-to-back negative closings, the Indian market is likely to open on a positive note on Wednesday as majority of the Asian indices traded higher in the early trade. SGX Nifty, which indicates opening trends for the domestic market, was trading higher by more than 50 points on the Singaporean exchange on Wednesday morning.
Likewise, Japanese Nikkei 225 rose higher by 0.37% and Hang Seng Index at the Hong Kong exchange gained 0.3% around the same time. Chinese Shanghai Composite decline 0.25% on Wednesday morning.
Earlier, the US market had closed deep in the red on Tuesday. Dow Jones declined by 0.62%, Nasdaq 0.95%, and S&P 500 closed lower by 0.92% amid weakness in the US market.
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Meanwhile, irrespective of how the market reacts, Zee Business brings you a list of 20 stocks for profitable trade religiously on a daily basis. These stocks are picked from cash, techno and F&O space with short-to-long-term time horizon. It also includes intraday calls.
The list is made in such a way that it helps investors make profit on their capital in a stipulated period of time. Below is the list of such stocks on Wednesday.
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY AARTI SURF TARGET 775 SL 706
FUTURES
BUY HERO TARGET 2945 SL 2800
OPTIONS
BUY INDUS TOWERS 220 CE TARGET 12, SL 7
TECHNO
BUY EID PARRY TARGET 620 DURATION 4-6 MONTHS
FUNDA
BUY DELTA CORP TARGET 190 SL 175
INVEST STOCK
BUY NHPC TARGET 40 DURATION 1 YEAR
STOCK IN NEWS
BUY CARE RATINGS TARGET 440 SL 400
MY CHOICE
BUY ASTRAZENECA PHARMA TARGET 3200 SL 3000
BUY PI IND TARGET 2950 SL 2800
BUY INDIAN BANK TARGET 185 SL 170
MY BEST
BUY HERO TARGET 2945 SL 2800
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Kushal Gupta Stock Picks
Cash
Star Paper – Buy – 160, sl – 152
FTR
Pidilite – Buy – 2300, sl – 2220
OPTN
RBL Bank 85 [email protected] – Buy – 9, sl – 2
Techno
JK Tyre – Buy – 118, sl – 112
Funda
IGL – Buy – 379, sl – 362
Invest
Varun Beverages – Buy – 930, sl – 820
Duration – 1 month
News
Shilpa Medicare – Buy – 412, sl – 392
Mychoice
Tata Steel FUT- Sell – 875, sl – 911
HDFC Bank FUT- Sell – 1350, sl – 1410
Indigo Paints – Buy – 1455, sl – 1395
Best Pick
Varun Beverages – Buy – 930, sl – 820
Duration – 1 month
