After a strong closing last week, including a gain of more than one per cent on Friday, the cues from Asian markets remained mixed on Monday morning.
After a strong closing last week, including a gain of more than one per cent on Friday, the cues from Asian markets remained mixed on Monday morning. SGX Nifty, which indicates opening trends of the Indian market, was seen trading marginally higher by 20 points on the Singaporean exchange on Monday.
Meanwhile, Japanese Nikkei 225 gained 0.4%, Hang Seng Index at the Hong Kong exchange dropped 0.9% and Shanghai Composite was trading lower by 0.3% on Monday morning.
Earlier, reacting to strong closing, Santosh Meena, Head of Research, Swastika Investmart, said, “It was a back-to-back second week of a stellar week on Dalal street, and what an outstanding month it was with a gain of almost 9% for both Nifty and Sensex. It was all thanks to the recovery in global markets, buying by FIIs, short covering, and better than expected Q1 earnings,” said Meena.
He said this week traders will be busy with domestic cues where the outcome of the RBI policy will be the most important event after the 75 basis rate hike by the US Fed. “Apart from this, monthly auto sales numbers and the next batch of Q1 earnings will be other important domestic factors to drive the market. The market will also have an eye on the direction of global markets, crude oil, and the dollar index,” the expert added.
Earlier, Dow Jones jumped 315 points to close near the day’s high on Friday, while the Nasdaq gained 1.9% in the weekend closing.
Meanwhile, Zee Business brings you a list of 20 stocks from cash, techno, and F&O space. These stocks have been picked keeping in view investors’ short-to-long term requirements. The list also comprises intraday calls for good returns on a given day. Below is the list of stocks.
Arman Nahar Stock Picks
Cash
JK PAPER – Buy – 357, SL – 342
FTR
CIPLA – Buy – 1010, sl – 970
OPTN
ASHOK LEYLAND 150 CE@6 – Buy – 12, sl – 3
Techno
SUN PHARMA – Buy – 965, sl – 932
Funda
INDIAN HOTELS – Buy – 315, DURATION – 1 year
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Invest
POLYPLEX CORP – Buy – 2750, DURATION – 1 year
News
VST IND – Buy – 3300, sl – 3170
Mychoice
PATANJALI FOODS- Buy – 1363, DURATION – 1 year
PUDUMJEE PAPER-Buy- 39.4, SL- 38.2
NAZARA TECH – Buy – 545, sl – 522
Best Pick
POLYPLEX CORP – Buy – 2750, DURATION – 1 year
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Kushal Gupta Stock Picks
Cash
MAHINDRA HOLIDAYS – Buy – 241, sl – 232
FTR
IDFC FIRST BANK – Buy – 39, sl – 36.5
OPTN
M&M 1160 CE@ 47 – Buy – 60, SL – 40
Techno
UPL – Buy – 764, SL – 736
Funda
AB FASHION – Buy – 330, DURATION – 1 year
Invest
WESTLIFE DEV – Buy – 750, DURATION – 1 year
News
CAMPUS ACTIVEWEAR – Buy – 448, SL – 430
Mychoice
METRO BRANDS – Buy – 660, SL – 628
NILKAMAL – Buy – 2050, SL – 1960
VEDANTA – Buy – 262, SL – 252
Best Pick
METRO BRANDS – Buy – 660, SL – 628
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