Stocks to buy: 20 stocks for profitable trade on November 22
Domestic equity benchmarks Sensex and Nifty50 closed Thursday in the holiday-truncated last week. Headline indices Sensex ended 372 points lower, while Nifty50 gave up 17,800 to close at 17,745.35 and 59,636.01 respectively.
Domestic equity benchmarks Sensex and Nifty50 closed Thursday in the holiday-truncated last week. Headline indices Sensex ended 372 points lower, while Nifty50 gave up 17,800 to close at 17,745.35 and 59,636.01 respectively. Nifty slipped by 153.30 points or 0.86 % on Thursday. Nifty Bank closed just shades below 38,000-mark and the banking index settled 65 points lower at 37,976.25 on the last day of the holiday-shortened week.
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The Asian markets on Monday morning largely traded in the negative or flat in the early morning trade. Japanese Nikkei was down 0.32% or 93.71 to 29,652, Hang Sang Index at Hong Exchange was down 19 points o 25,040 and Shanghai Composite traded 13 points lower to 3573 around 7.20 am.
The Wall Street indices closed mixed on Friday as Dow Jones and S&P 500 closed negative, while Nasdaq Composite gained 0.4%. Dow Jones shed 269 points to 35,601, Nasdaq gained 64 points to 16,057 and S&P 500 lost 7 points to settle at 4,697.
Ahead of the market opening on Monday, Zee Business research team brings you a list of 20 stocks which can generate good returns in Monday's intraday trade. The stocks have been identified to help investors make money in the intraday trade on a given day and over the long-term. Targets for each stock is being given by our research analysts based on duration. Below is the list of stocks shortlisted by Varun Dubey and Kushal Gupta for November 22, 2021:
Varun Duey Stock Picks
Buy Shilpa Medicare Target Rs 583 SL RS 550
Sell Reliance Ind FUT Target Rs 2430 SL RS 2500
Buy IRCTC 890 CE Target Rs 30 SL RS 20
Sell Amara Raja FUT Target Rs 625 SL RS 652
Buy JBM Auto Target Rs 930 SL RS 870
Buy IB Real Estate 220 Duration 6 to 8 Months
Buy United SPirits Target Rs 955 SL Rs 900
Buy Radico Khaitan Target Rs 1170 SL Rs 1105
Buy Wipro Target Rs 670 SL RS 640
Sell Bata FUT Target Rs 2080 SL RS 2170
Varun Dubey's best stock pick
Buy JBM Auto Target Rs 930 SL RS 870
Kushal Gupta Stock Picks
Spicejet - Buy - 80, sl - 75
Godrej Prop FUT - Sell - 2122, sl - 2200
Coal India 152.5 PE@1.7 - Buy - 5, sl - 1
ICICI Bank - Buy - 783, sl - 755
Amber Ent - Buy - 4070, Duration - 1 year
Motherson Sumi - Buy - 300, Duration - 6 months
Cadila Healthcare - Buy - 472, sl - 455
Havells India - Buy - 1410, sl - 1360
Asian Paints - Buy - 3326, sl - 3190
Bombay Burmah - 1110, sl - 1065
Kushal's Best Pick
Motherson Sumi - Buy - 300, Duration - 6 months
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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