Stocks to buy today: List of 20 shares for profitable trade on January 19

The Indian markets declined nearly one per cent in volatile trade amid negative global cues on Tuesday.

These stocks have been identified keeping in mind intraday, positional and long-term objective of the investors. Source: Pixabay

The Indian markets declined nearly one per cent in volatile trade amid negative global cues on Tuesday. Broader Nifty50 slipped more than one per cent or 195 points to 18,113.05, while the S&P BSE Sensex shed 554.05 points or 0.90% to 60,754.86 in the closing on January 18. The fall was largely led by auto and IT shares.

"The correction might continue for some time now with minor profit booking seen with Budget nearing. Investors should take advantage of this fall to add quality counters on major dips," said Rahul Sharma - co-owner, Equity 99.

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He said for Nifty 50 Post today`s correction, 18090 will act as strong support. "If this level is breached, then we might see 18000 levels. On upper side, 18175 will act as major resistance, if this level is breached, we may see a rally to 18235 and 18300 levels too," he added.

Asian markets were largely trading in negative on Wednesday morning. Japanese Nikkei 225 was down 1.8%, Shanghai Composite was trading flat with negative bias after slipping by 0.7%, while Hang Seng Index at the Hong Kong Exchange traded flat with positive bias as the index gained 0.10 per cent around 7.45 am on Wednesday.

Earlier on Tuesday, the US market indices tanked when it opened after long weekend as the Wall Street indices remained closed on Monday. Dow Jones slipped 1.51%, Nasdaq Composite tanked 2.60%, S&P 500 ended 1.84% lower and Russell 2000 slumped 3.06% on Tuesday.

Ahead of the market open on Wednesday, Zee Business research team has shortlisted 20 stocks from cash, F&O and techno space to help investors maximise their profit. These stocks have been identified keeping in mind intraday, positional and long-term objective of the investors. Below is the list:

Kushal Gupta Stock Picks

Cash

TATA ELXSI - Buy - 6570, sl - 6300

FTR

Bandhan Bank - sell - 285, sl - 299

OPTN

ONGC 165 CE@2 - buy - 5, sl - 1

Techno

Indiamart Intermesh FUT - Sell - 6320, sl - 6580

Funda

Nazara Tech - Buy - 2440, sl - 2350

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