Stocks to buy today: List of 20 stocks for profitable trade on April 19

Continuing with the losing streak, the domestic equity market fell for the fourth consecutive session on Monday. The weakness in the Indian domestic stock market was largely attributed to weak q4 numbers by heavyweights Infosys and HDFC Bank, a surge in energy prices, fresh worries about covid, rising inflation, and continued geopolitical tension. Benchmarks Nifty 50 fell by 1.7% as the 50-stock blue chip index ended below 17,200, while the Sensex tanked by 2% to settle below 57,200.  

"The Nifty, with a significant gap down opening, breached its short-term moving averages on April 18. It went on to breach the 200 DMA on an intraday basis, however, managed to recover towards the end of the session thus holding on to the crucial moving average on a closing basis," said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.  

The expert said that the index has formed a Doji pattern, which shows indecision in the minds of the market participants. "Overall structure shows that the short-term range for the index has shifted lower. The Nifty is expected to trade in the range of 17000-17500 in the short term. On the downside, 17000 is a crucial support to watch out for. The index can form a base near 17100-17000 & attempt a recovery in the coming sessions as long as the level of 17000 holds on a closing basis," added Ratnaparkhi. 

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In the broader market, Nifty midcap and small cap indices too corrected more than 1% in Monday's closing as India VIX settled above 19-mark. Some buying interest was seen in auto, metal and FMCG stocks, while banking and financial stocks were top laggards. 

Meanwhile in the Asian market, the indices were trading mixed on Tuesday morning. Japanese Nikkei 225 was trading higher by 0.4%, Hang Seng Index at the Hong Kong Exchange declined more than 2.5%  and Chinese Shanghai Composite was up 0.20% in the morning trade.  

Meanwhile, SGX Nifty Future was up over 50 points on the Singaporean exchange around 8 am, hinting at a positive to flat opening for the domestic equity market.  

On Friday, the US markets closed in the red for second day in a row as benchmark indices Dow Jones ended lower b 0.11 points, Nasdaq Composite dropped more than 2% and S&P 500 closed flat with negative bias on Monday.  

Ahead of the market opening, Zee Business brings you a list of stocks for profitable trade on Tuesday. These stocks have been identified from cash, F&O and techno space to help investors maximise returns on their investment. Below is the list of stocks, take a look 

Ashish Chaturvedi Stock Picks

CASH STOCK
BUY GHCL TARGET 607 SL 585

FUTURES
BUY TATA CONSUMER TARGET 840 SL 817

OPTIONS
BUY COAL INDIA 190 CE TARGET 7.80 SL 3.60

TECHNO
BUY MINDA CORP TARGET 280 SL 220

FUNDA
BUY VIP IND TARGET 780 SL 710

IPL STOCK
BUY PRICOL TARGET 190 DURATION 9-12 MONTHS

STOCK IN NEWS
BUY AU SMALL FINANCE BANK TGT 1440, SL 1350

MY CHOICE
BUY CONTROL PRINT TARGET 492 SL 466
BUY CHAMBAL FERT TARGET 520 SL 500
BUY HSIL TARGET 350 SL 315

MY BEST
BUY GHCL TARGET 607 SL 585
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Varun Dubey Stock Picks 
Cash
Buy RVNL Target Rs 36 SL RS 33

Futures
Sell HDFC Bank Target Rs 1370 SL RS 1420

Options
Buy Tata Motors 440 CE Target Rs 13 SL RS 8

Tech
Buy Tata Coffee Target Rs 230 SL RS 217

Funda
Buy Vedanta Target Rs 440 SL RS 415

IPL
Buy Pidilite Target Rs 2800 Duration 4 to 6 Months

News
Buy Varroc Eng Target Rs 424 SL RS 400

My Choice
Buy Angel One Target Rs 1720 SL RS 1620
Buy Cochin Shipyard Target Rs 368 SL RS 347
Buy GMDC Target Rs 203 SL RS 191

Best Pick
Buy Pidilite Target Rs 2800 Duration 4 to 6 Months