Stocks to buy today: List of 20 stocks for profitable trade on April 1

Snapping three days winning streaks, the domestic equity market ended lower on the F&O expiry day on Thursday, which also saw benchmark indices ending the FY 2022 with over 18% gains each.  Benchmarks Nifty50 and the Sensex corrected nearly 0.20% each on Thursday to settle at 17,464.75 and 58,568.51 respectively. FMCG, Private Bank stocks witnessed buying interest in a weak market, while Pharma, healthcare and PSU Bank declined the most.  

"We witnessed some lackluster movement in the market and an attempt to hold above the levels of 17400. Our research suggests that sustaining above 17400 will be an important level for the market to stay positive in the short term," said Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research Limited 

If the market sustains above the support levels, we expect the market to stay positive till the level of 17600, he said. "We have observed momentum indicators like RSI and MACD indicating positive side momentum in the market," the expert added. 

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On Friday, the Asian markets were trading largely negative. Japanese Nikkei 225 was down 0.9%, Hang Seng Index at the Hong Kong Exchange dropped more than 1% and Chinese Shanghai Composite was trading flat with positive bias in the early trade on Friday. 

Meanwhile, SGX Nifty Futures traded lower by more than 100 points on the Singaporean Exchange at 8 am, hinting at negative opening for the domestic equity market.  

Earlier, global stocks dropped on Thursday with U.S. shares sinking over 1.5%, as concerns about a recession and the Russian-Ukranian war spurred selling, while oil prices plunged over $6 as Washington launched a record release from its emergency oil reserves, said a Reuters report. 

A spurt of selling late in the day drove the S&P 500 down 1.6%. The Dow Jones Industrial Average also skidded 1.6%, and the Nasdaq Composite dropped 1.5%. Europe`s STOXX 600 had closed down 0.94%. 

Ahead of the market opening, Zee Business brings you a list of stocks for profitable trade on April 1. These stocks have been picked from cash, F&O and techno segments, keeping in the mind short-term, positional and long-term investment requirements. Below is the list, take a look..  

Ashis Chaturvedi Stock Picks
CASH STOCK
BUY JAGSONPAL PHARMA TARGET 330 SL 305

FUTURES
SELL LIC HSG FIN FUT TARGET 356 SL 368

OPTIONS
SELL L&T FINANCE 80 PE TARGET 5.50 SL 4.45

TECHNO
BUY SOLAR IND TARGET 3200 SL 2735

FUNDA
BUY UBL TARGET 1750 DURATION 6 MONTHS

IPL STOCK
BUY SUMITOMO TARGET 580 DURATION 12 MONTHS

STOCK IN NEWS
SELL HERO FUT TARGET 2240 SL 2370

MY CHOICE
BUY KSB LTD TARGET 1380 SL 1300
BUY JYOTHY LABS TARGET 151 SL 145
BUY INDIA GLYCOLS TARGET 1100 SL 970

MY BEST
BUY SOLAR IND TARGET 3200 SL 2735
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Kushal Gupta Stock Picks
Cash
NCC - Buy - 61, sl - 57.5

FTR
Mahanagar Gas - Buy - 800, sl - 772

OPTN
HUL 2060 CE@ 59 - Buy - 80, sl - 50

Techno
PVR - Buy - 1980, sl - 1900

Funda
Maruti Suzuki - Buy - 8700, Duration - 1 year

IPL
Asian Paints - Buy - 3180, sl - 3050

News
Trent - Buy - 1320, sl - 1260

Mychoice
HDFC AMC - Buy - 2200, sl - 2120
Berger Paints Buy 721, Sl 687
IGL Buy 385, SL 365

Best Pick
Asian Paints - Buy - 3180, sl - 3050

(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.)