Stocks to buy on Wednesday: List of 20 stocks for profitable trade on March 30, 2022

The Indian markets closed on a positive note during Wednesday’s session, led by pharma and financial service stocks. The benchmark indices such as BSE Sensex and Nifty50 – gained by around 0.6 per cent at close. While Nifty Midcap 100 surged over 0.4 per cent at the close on Wednesday.

Sectorally, the buying interest was seen in sectors such as banking, financial service, IT, metal, pharma, and realty, while selling pressure was witnessed in media, FMCG, auto and PSU banks.

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World markets tore higher across the world on Tuesday and oil prices shed $2 a barrel, as investors celebrated signs of progress in negotiations between Russia and Ukraine that they hoped would lead to a settlement in a five-week conflict, Reuters reported on Wednesday.

US stock indices jumped over 1 per cent, Europe`s main bourses enjoyed 1 per cent to 2.5 per cent gains. Germany`s benchmark 10-year Bund yield - the main gauge of European borrowing costs - hit its highest since early 2018. Similarly, U.S. Treasury yields paused their ascent on Tuesday.

Asian markets on Wednesday opened in the red led by the Japanese 'Nikkei' which succumbed to profit-booking after the stellar rally over the last fortnight. However, South Korean and Taiwan markets traded in the green as technology stocks lead the global rally in stocks.

Ahead of the market open, Zee Business research team has identified 20 stocks for profitable trade on Wednesday. These stocks have been picked from cash, F&O and techno segments to help you make most of the stock market trading and investment.

Below is the list of 20 stocks identified by Ashish Chaturvedi and Varun Dubey:

Stocks picked by Ashish

CASH STOCK: BUY PRICOL TARGET 135 SL 126

FUTURES: BUY HDFC LTD APRIL FUTURES TARGET 2425 SL 2300

OPTIONS: BUY STFC APRIL 1120 CE TARGET 93 SL 56

TECHNO: BUY INGERSOL RAND TARGET 1950 DURATION 6 MONTHS

FUNDA: BUY CUMMINS INDIA TARGET 1500 DURATION 12 MONTHS

IPL STOCK: BUY BRIGADE ENT TARGET 620 DURATION 9-12 MONTHS

STOCK IN NEWS: BUY WELSPUN CORP TARGET 170 SL 160

MY CHOICE:

BUY SPIC TARGET 75 SL 72

BUY POONAWALLA FINCORP TARGET 280 SL 255

BUY MAHINDRA LOGISTICS TARGET 490 SL 465

MY BEST: BUY INGERSOL RAND TARGET 1950 DURATION 6 MONTHS

Stocks picked by Kushal

Cash: Lumax Ind - Buy - 920, sl - 880

Futures: HDFC Bank - Buy - 1500, sl - 1440

Option: Hero Motocorp 2280 APR CE@84 - Buy - 100, sl - 65

Techno: Tata Coffee - Buy - 206, sl - 192

Funda: Infosys - Buy - 2300, Duration - 1 year

IPL Stock: Tata Chemicals Buy 1020, Sl 975

Stock in News: BEL Buy 213, Sl 204

My Choice:

HDFC Life Buy 540, Sl 519

Ashok Leyland Buy 117, Sl 111

India Cements Buy 215, Sl 206

My Best: Infosys - Buy - 2300, Duration - 1 year