Stocks to buy: Ashok Leyland, Cipla, IDFC First bank among list of 20 stocks for profitable trade on August 1

After a strong closing last week, including a gain of more than one per cent on Friday, the cues from Asian markets remained mixed on Monday morning.

These stocks have been picked keeping in view investors' short-to-long term requirements. Source: Pixabay

After a strong closing last week, including a gain of more than one per cent on Friday, the cues from Asian markets remained mixed on Monday morning. SGX Nifty, which indicates opening trends of the Indian market, was seen trading marginally higher by 20 points on the Singaporean exchange on Monday.

Meanwhile, Japanese Nikkei 225 gained 0.4%, Hang Seng Index at the Hong Kong exchange dropped 0.9% and Shanghai Composite was trading lower by 0.3% on Monday morning.

Earlier, reacting to strong closing, Santosh Meena, Head of Research, Swastika Investmart, said, "It was a back-to-back second week of a stellar week on Dalal street, and what an outstanding month it was with a gain of almost 9% for both Nifty and Sensex. It was all thanks to the recovery in global markets, buying by FIIs, short covering, and better than expected Q1 earnings," said Meena.

He said this week traders will be busy with domestic cues where the outcome of the RBI policy will be the most important event after the 75 basis rate hike by the US Fed. "Apart from this, monthly auto sales numbers and the next batch of Q1 earnings will be other important domestic factors to drive the market. The market will also have an eye on the direction of global markets, crude oil, and the dollar index," the expert added.

Earlier, Dow Jones jumped 315 points to close near the day's high on Friday, while the Nasdaq gained 1.9% in the weekend closing.

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.

Arman Nahar Stock Picks

Cash

JK PAPER - Buy - 357, SL - 342

FTR

CIPLA - Buy - 1010, sl - 970

OPTN

ASHOK LEYLAND 150 CE@6 - Buy - 12, sl - 3

Techno

SUN PHARMA - Buy - 965, sl - 932

Funda

INDIAN HOTELS - Buy - 315, DURATION - 1 year

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