Even though the market closed with gains for the third consecutive week and ended marginally higher on Friday, the cues from the Asian markets remained negative on Monday morning. SGX Nifty, which hints at opening trend of the Indian market, was trading lower by around 50 points in early trade on the Singaporean exchange on Monday.
Likewise, Japanese Nikkei 225 fell marginally by 0.10%, Hang Seng Index at the Hong Kong Exchange dropped nearly 0.8% and Chinese Shanghai Composite was seen trading flat on Monday morning.
Earlier, the US market closed on a mixed note on Friday. The US benchmarks Dow Jones gained 76 points, while Nasdaq declined 63 points and S&P500 ended marginally lower by 6.75 points on Friday.
Santosh Meena, Head of Research, Swastika Investmart Ltd, said global cues, macro numbers, and the last batch of earnings will dictate the market direction in a holiday-truncated week.
This week market will deal with the last batch of Q1 earnings where the Market will react to SBI, HPCL and BPCL results on Monday, while Adani Ports, Bharti Airtel, Powergrid, Coal India, Eicher Motors, Hindalco, Grasim, Heromotocorp, LIC, ONGC, Bata India and Aurobindo pharma will be other prominent earnings next week, he said.
“Global cues will be important as geopolitical concerns are rising whereas both domestic and global macro numbers will play an important role. India will announce its CPI and IIP numbers on 12th August while US inflation numbers are scheduled on 10th August,” Meena added.
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.
Ashish Chaturvedi Stock Picks
CASH KA STOCK
BUY NYKAA TARGET 1460 SL 1397
FUTURES
Read More : Indian Railways Cancels 216 Trains Today. Check Full List
SELL MCX TARGET 1250 SL 1285
OPTIONS
BUY WIPRO 440 CE TARGET 17 SL 8.30
TECHNO
BUY CENTURY ENKA TARGET 480 SL 430
FUNDA
BUY IRB INFRA TARGET 270 SL 260
INVEST STOCK
BUY SUMITOMO CHEM TARGET 565 DURATION 12 MONTHS
STOCK IN NEWS
BUY LUMAX AUTO TARGET 240 SL 229
MY CHOICE
BUY VMART TARGET 3090 SL 2950
BUY TEGA TARGET 490 SL 470
BUY APEX FROZEN TARGET 330 SL 318
MY BEST
BUY CENTURY ENKA TARGET 480 SL 430
Varun Dubey Stock Picks
Cash
Buy West Coast Paper Target Rs 510 SL RS 482
Futures
Sell BPCL Target Rs 320 SL RS 338
Options
Buy HPCL 250 PE Target Rs 11 SL RS 7
Read More : Gold Rate Today: Check Price of Yellow Metal on August 08 in Your City Here
Tech
Sell Godrej properties Target Rs 1340 SL RS 1400
Funda
Buy SBI Target Rs 545 SL RS 522
Invest
Buy Bata India Target Rs 2200 Duration 4 Months
News
Buy SJVN Target Rs 30 SL RS 28.4
My Choice
Buy Coal India Target Rs 213 SL RS 205
Buy Archidply Target Rs 76 SL Rs 71
Buy S Chand Target Rs 145 SL RS 137
Best Pick
Sell BPCL
