Consequently, the Nifty50 on Monday ended around the day’s high to close at 17,525 levels. The broader indices also closed with modest gains.
The Indian markets on Monday started the week on a buoyant note as both Sensex and Nifty50 gained nearly a per cent. After the flat start, healthy buying in key sectors like banking, IT and auto aided a steady rise in the benchmark.
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Consequently, the Nifty50 on Monday ended around the day’s high to close at 17,525 levels. The broader indices also closed with modest gains.
The domestic market on Wednesday may open flat with negative bias, as SGX Nifty slipped marginally by over 23 points or 0.13 per cent to 17,517. The global markets such as US indices had closed in the red with up to 1 per cent on Tuesday, while Asian markets are also down in the early trade on Wednesday.
Nifty has decisively surpassed the hurdle at 17,400, and now eyeing 17,800, Ajit Mishra, VP – Research, Religare Broking Ltd said in his comment. “Apart from the performance of world markets, the last leg of the earnings season coupled with key domestic data like IIP, CPI and WPI would remain on the participants’ radar for cues.”
The market analyst reiterates his preference for top-performing sectors like banking, financials, auto, FMCG and selectively from the IT pack for fresh longs.
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.
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Stocks recommended by Ashish Chaturvedi
CASH KA STOCK: BUY POKARNA TARGET 640 SL 620
FUTURES: BUY GRANULES INDIA 330 SL 307
OPTIONS: BUY LTTS 3600 CE TARGET 140 SL 100
TECHNO: BUY COAL INDIA TARGET 240 SL 200
FUNDA: BUY ABBOTT INDIA TARGET 24000 DURATION 6 MONTHS
INVEST STOCK: BUY SUMITOMO CHEM TARGET 565 DURATION 12 MONTHS
STOCK IN NEWS: BUY EID PARRY TARGET 580 SL 550
MY CHOICE:
BUY AIA ENG TARGET 2500 SL 2350
BUY SIYARAM SILK TARGET 544 SL 510
BUY VEDANT FASHIONS TARGET 1325 SL 1290
MY BEST: BUY SUMITOMO CHEM TARGET 565 DURATION 12 MONTHS
Stocks recommended by Varun Dubey
Cash: Buy NATCO PHARMA Target Rs 780 SL 740
Futures: Buy SAMVARDHANA MOTHERSON Target Rs 134 SL RS 125
Options: Buy TATA CHEMICALS 970 CE Target Rs 35 SL RS 23
Tech: Buy TUBE INVEST Target Rs 2400 SL RS 2290
Funda: Buy CHEMCON SPECIALITY Target Rs 345 SL RS 325
Invest: Buy UTI AMC Target Rs 900 Duration 4 Months
News: Buy STRIDES PHARMA Target Rs 354 SL RS 337
My Choice
Buy IGL Target Rs 370 SL RS 355
Sell BALKRISHNA IND FUT Target Rs 2100 SL RS 2180
Sell Crompton Greaves Target Rs 365 SL RS 380
Best Pick: Buy SAMVARDHANA MOTHERSON FUT Target Rs 134 SL RS 125
