Stocks to buy today: List of 20 stocks for profitable trade on April 7
The Indian market ended with nearly 1% cut amid profit booking and weak global cues on Wednesday.
The Indian market ended with nearly 1% cut amid profit booking and weak global cues on Wednesday. Benchmarks Nifty50 and the Sensex edged lower by 0.83% and 0.94% respectively as the former managed to close above 17,800 and the latter shed over 550 points. IT, banking and financial services stocks saw profit taking while, PSU Bank and oi & gas shares gained in a falling market. However, Nifty midcap gained nearly 0.6% and the small cap index too managed to close in the green.
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Meanwhile, Asian shares retreated on Thursday in line with a global selloff, as markets were spooked by more aggressive noises from U.S. policymakers about the need for tighter monetary policy, which also kept the dollar near a two-year peak, said Reuters
MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.53% and Japan`s Nikkei dropped 1.9%. SGX Nifty Futures dropped nearly 100 points on the Singaporean exchange in the early trade on Thursday, hinting at negative opening for the market.
Earlier, overnight all three major U.S. benchmarks fell with the Nasdaq Composite worst hit, losing 2.22%. In Asia trade S&P 500 futures fell 0.26% and Nasdaq futures fell 0.22%.
Ahead of the market opening, Zee Business brings you a list of 20 stocks for profitable trade. These stocks are picked from cash, F&O and techno segments to help investors make money in short to long-term. Below is the list, take a look:
Ashish Chaturvedi Stock Picks
CASH KA STOCK
BUY CRAFTSMAN AUTO TARGET 2526 SL 2440
FUTURES
BUY BHARTI AIRTEL TARGET 800 SL 765
OPTIONS
BUY BANK OF BARODA 120 CE TARGET 6.85 SL 5.00
TECHNO
BUY MINDA CORP TARGET 240 SL 206
FUNDA
BUY SIYARAM SILK MILLS TARGET 635 DURATION 12 MONTHS
IPL STOCK
BUY CENTURY ENKA TARGET 765 DURATION 12 MONTHS
STOCK IN NEWS
BUY MACROTECH DEV TARGET 1205 SL 1145
MY CHOICE
BUY ALLCARGO LOGISTICS TARGET 375 SL 358
BUY GRAPHITE INDIA TARGET 594 SL 557
BUY AHLUWALIA TARGET 507 SL 475
MY BEST
BUY CENTURY ENKA TARGET 765 DURATION 12 MONTHS
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Kushal Gupta Stock Picks
CACH
Praj Ind - Buy - 421, sl - 400
FUTURES
Titan - Sell - 2465, sl - 2570
OPTIONS
Pidilite 2540 CE@60 - Buy - 80, SL - 50
TECHNO
Tech Mahindra - Sell - 1425, sl - 1485
FUNDA
Motherson Sumi - Buy - 175 sl - Duration - 6 months
IPL
Ceat - Buy - 1053, sl - 1010
STOCK IN NEWS
Berger Paints - Buy - 747, sl - 719
crude impact
MY CHOICE
Tata Consumer Product - Buy - 920, Duration - 3 months
L&T - Buy - 1900, sl - 1835
Relaxo Footwear - Buy - 1185, sl - 1140
Best pick
L&T - Buy - 1900, sl - 1835
(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.)
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