Even as the Indian market ended flat, the cues from the SGX Nifty and global market remained weak amid concerns over inflation and economic recession.
Even as the Indian market ended flat, the cues from the SGX Nifty and global market remained weak amid concerns over inflation and economic recession. SGX Nifty tanked around 200 points in early trade as the index slipped below 17,500 on Wednesday. Likewise, Japanese Nikkei traded lower by almost 350 points, while Hang Seng Index at the Hong Kong Exchange dropped over 250 points and Chinese Shanghai Composite declined 5 points in early trade on Wednesday.
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Earlier, the US market closed in red on Tuesday, a day after it opened post Labor Day holiday. Wall Street indices Dow Jones declined 0.55%, Nasdaq ended lower by 0.74% and S&P500 saw a 0.4% cut on Tuesday.
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.
Varun Dubey Stock Picks
CASH STOCK
Buy ARVIND SMARTSPACE Target Rs 233 SL RS 220
FUTURES
Sell JSPL FUT Target Rs 425 SL RS 444
OPTIONS
Buy INFO EDGE 4200 PE Target Rs 230 SL RS 160
TECHNO
Sell METROPOLIS FUT Target Rs 1330 SL RS 1395
FUNDA
Buy ASIAN PAINTS Target Rs 3460 SL RS 3360
INVESTMENT
Buy BSE LTC Target Rs 800 Duration 6 Months
NEWS KE DUM PAR
Buy ICICI BANK Target Rs 905 SL RS 875
MY CHOICE
Sell TATA STEEL FUT Target Rs 105 SL RS 110.5
Sell DLF FUT Target Rs 385 SL RS 400
Sell PIRAMAL ENT FUT Target Rs 980 SL RS 1030
MY BEST PICK
Sell JSPL FUT Target Rs 425 SL RS 444
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Ashish Chaturvedi Stock Picks
CASH STOCK
BUY DCW TARGET 57.50 SL 51
FUTURES
SELL CITY UNION BANK FUT TARGET 171 SL 176.50
OPTIONS
BUY TECH MAH 1060 PE TARGET 38 SL 27
TECHNO
BUY LIBERTY SHOES TARGET 189 SL 172
FUNDA
SELL ONGC TARGET 129.70 SL 134.50
INVEST STOCK
BUY VEDANT FASHIONS TARGET 1600 DURATION 6 MONTHS
STOCK IN NEWS
BUY REDINGTON TARGET 160 SL 150
MY CHOICE
BUY BALMER LAWRIE TARGET 132 SL 125
SELL BIOCON FUT TARGET 287 SL 296
SELL MCX FUT TARGET 1235 SL 1265
MY BEST
BUY LIBERTY SHOES TARGET 189 SL 172
