The Indian markets closed in the red for fifth day in a row amid volatility on Tuesday. Headline indices Nifty50 and the Sensex closed lower by more than 1% as the former slipped below 17,000 and the latter dropped by over 700 points, tracking weak global cues. The two indices closed at 16,958.65 and 56,463.15. Nifty midcap and small cap indices declined 1.3% and 1.6% respectively as India VIX closed near 20-mark on Tuesday.  

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"Intensification of geo-political tension and hyperinflation as crude & metal price rises worried the market. The Indian IT sector continued to lead the downtrend following sectorial headwinds highlighted in weak Q4 results. Quick sell-off was witnessed during the closing hours led by banking stocks due to FII selling as global market weakened," Vinod Nair, Head of Research at Geojit Financial Services, said in his post market commentary on Tuesday.

Meanwhile, Asian markets started off Wednesday morning on a mixed note as Japanese Nikkei 225 was trading 0.57% higher, Hang Seng Index fell 0.4% and Shanghai Composite dropped nearly 0.5% in the morning trade on Wednesday.

Traders Diary: Prepare list for earning in intraday, these stocks can make strong profits today 

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SGX Nifty Futures on the Singaporean exchange too rose by 90 points in the early trade, hinting at a positive opening for the market.   

Earlier, all major Wall Street indices ended in the green as Dow Jones settled with 1.45% gains, Nasdaq ended 2.15% higher and S&P 500 closed with 1.61% gains on Tuesday.  

Ahead of the market opening, Zee Business brings you a list of stocks for profitable trade on Wednesday. These stocks have been identified from cash, F&O and techno space to help investors make money on a short-term, positional and long-term basis. Below is the list of stocks, take a look.  

Ashish Chaturvedi Stock PIcks
CASH KA STOCK
BUY HATSUN AGRO TARGET 1170 SL 1088

FUTURES
SELL ASIAN PAINTS TARGET 2948 SL 3015

OPTIONS
BUY PIRAMAL ENT 2150 PE TARGET 62 SL 25.50

TECHNO
BUY NHPC TARGET 37 SL 31.50

FUNDA
BUY AMBER ENT TARGET 4350 DURATION 9 MONTHS

IPL STOCK
BUY HSIL TARGET 430 DURATION 12 MONTHS

STOCK IN NEWS
BUY ESCORTS TARGET 1590 SL 1529

MY CHOICE
BUY TIME TECHNO TARGET 95 SL 90.50
BUY SJVN TARGET 30.25 SL 29
BUY PAGE IND TARGET 51000 DURATION 3 MONTHS

MY BEST
BUY HSIL TARGET 430 DURATION 12 MONTHS
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Varun Dubey Stock Picks
Cash
Buy Poly Medicure Target Rs 930 SL RS 880

Futures
Sell ONGC Target Rs 170 SL RS 179

Options
Buy GAIL 167.5 PE Target Rs 5 SL RS 3

Tech
Buy Mishra Dhatu Target Rs 210 SL RS 195

Funda
Buy ICICI Sec Target Rs 650 SL RS 610

IPL
BUy Bata India Target Rs 2300 Duration 4 to 6 Months

News
Buy ACC Target Rs 2140 SL RS 2030

My Choice
Buy Varun Beverages Target Rs 1090 SL RS 1025
Buy Speciality Restaurants Target 150  Sl 140
Buy ITI Target 105  Sl 95

Best Pick
Buy Bata India Target Rs 2300 Duration 4 to 6 Months