Stocks to buy today: List of 20 shares for profitable trade on July 8

As the market extended gains for the second day on Thursday amid improved sentiment, the Indian market is expected to open on a high note on Friday in line with the Asian and global markets.  

Hinting at a strong opening, SGX Nifty was trading higher by more than 125 points in the early trade on the Singaporean exchange around 8 am on Friday.  

Similarly, Japanese Nikkei 225 gained more than 1.3%, Hang Seng Index at the Hong Kong exchange rose by more than 0.7% and Chinese Shanghai Composite traded higher by 0.2% around the same time.  

Earlier, the US markets ended strongly near the day's highs on Thursday. The US equity benchmarks Dow Jones gained 1.12%, Nasdaq closed higher by 2.28% and S&P 500 rose 1.5% in Thursday's closings.  

"The crash in commodities and RBI's latest initiatives to increase foreign currency inflows have the potential to arrest further depreciation in rupee. This means FIIs are unlikely to sell more. This is positive for markets," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services while reacting to current trends in the market 

Leading indicators like demand for housing, autos particularly passenger and commercial vehicles, certain discretionary items like jewellery etc. reflect robust economic recovery in India, he added.  

Meanwhile, Zee Business research team brings you a list of stocks for profitable trade on Friday. These stocks are picked keeping in view intraday calls, short-to-long term investments. The stocks are selected from cash, F&O and techno segments to help investors make money on their investments. Below is the list of stocks:  

Varun Dubey Stock Picks

Cash
Buy Pricol Target Rs 142 SL RS 133

Futures
Sell Alkem Labs FUT Target Rs 3030 SL RS 3180

Options
Buy HDFC Bank 1400 CE Target Rs 37 SL RS 25

Tech
Buy Mahindra Logistics Target Rs 525 SK RS 494

Funda
Buy Hester Bio Target Rs 2600 SL RS 2000

Invest
Buy Tata Elxsi Target Rs 9500 Duration 4 to 6 Months

News
Sell Dr Reddy FUT Target Rs 4200 SL RS 4400

My Choice
Sell Oberoi Realty FUT Target Rs 770 SL RS 810
Buy Chennai Petro Target Rs 275 SL RS 260
Buy Goodyear Tyre Target Rs 1120 SL RS 1050

Best Pick
Buy Pricol Target Rs 142 SL RS 133

Kushal Gupta Stock Picks

Cash
MRPL - Buy - 75, sl - 71

FTR
M&M - Buy - 1150, sl - 1105

OPTN
Vedanta 228.50 CE@12.10 - Buy - 25, sl - 8

Techno
India Cement - Buy - 171, sl - 163

Funda
Berger Paints Sell 575, Sl 602

Invest
Tata Motors Buy 550, Duration 12 Months

News
Hindustan Zinc - Buy - 263, sl - 252

Mychoice
Ramco Cements Buy 665, Sl 638
Tata steel Buy 927, Sl 885
Interglobe FUT Sell 1650, Sl 1718

Best Pick
India Cement - Buy - 171, sl - 163