The global markets, especially the US indices closed in the red — down by 0.50% to 1.25% on Wednesday, while most of the Asian markets are trading on a negative note in the early morning trade on Thursday.
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The Indian market extended gains to the seventh consecutive day with the benchmarks Nifty50 and Sensex ending higher by around 0.7 per cent each on Wednesday.
The SGX Nifty, which indicates opening trends of the Indian market, was trading lower by around 30 points on the Singaporean exchange on Thursday morning.
The global markets, especially the US indices closed in the red — down by 0.50% to 1.25% on Wednesday, while most of the Asian markets are trading on a negative note in the early morning trade on Thursday with Japan’s Nikkei down nearly 1 per cent.
“The buoyancy in the global markets, especially the US, combined with favorable domestic factors viz. improving macros, consistent foreign flows, etc. are helping the markets to maintain the prevailing trend,” Ajit Mishra, VP – Research, Religare Broking Ltd said.
The market analyst reiterated bullish view and suggested using any intermediate dip or pause to create fresh longs. The scheduled weekly expiry may result in some whipsaws so plan accordingly.
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.
Stocks recommended by Ashish Chaturvedi
CASH KA STOCK: BUY VINDHYA TELE – TARGET 1230, SL 1135
FUTURES: BUY GNFC – TARGET 805, SL 780
OPTIONS: BUY ASHOKLEY – 147.50 PE, TARGET 5, SL 3.70
TECHNO: BUY JUBILANT FOODS – TARGET 650, SL 585
FUNDA: BUY IRCTC – TARGET 765, SL 650
INVEST STOCK: BUY DIXON TECH – TARGET 5000, DURATION 6-9 MONTHS
STOCK IN NEWS: BUY RIIL – TARGET 1033, SL 984
MY CHOICE
BUY SPARC, TARGET 245, SL 224
BUY ASTRA MICRO, TARGET 300, SL 270
BUY INDO AMINES, TARGET 104, SL 99
MY BEST: BUY JUBILANT FOODS, TARGET 650, SL 585
Stock recommended by Varun Dubey
Cash: Buy NAVA Ltd, Target Rs 275, SL RS 256
Futures: Sell Vodafone Idea FUT, Target Rs 8.5, SL RS 9.3
Options: Buy Tech Mahindra – 1100 PE, Target Rs 22, SL RS 15
Tech: Buy Astral Ltd – Target Rs 2090, SL RS 1990
Funda: Buy CARE Rating – Target Rs 600, Duration 3 Months
Invest: Buy Cera Sanitaryware – Target Rs 6000, Duration 3 Months
News: Buy Bharti Airtel – Target Rs 745, SL RS 715
