Stocks to buy today: List of 20 stocks for profitable trade on December 29
The India markets ended higher on Tuesday for second consecutive day amid positive global cues
The India markets ended higher on Tuesday for second consecutive day amid positive global cues. Domestic equity benchmarks Nifty50 and the S&P BSE Sensex settled with gains of 0.86% and 0.83% respectively as Nifty closed above crucial 17, 200, while the 30-share index ended over 470 points higher. Asian Paints, Sun Pharma, Mahindra & Mahindra, Titan Ultratech Cement, NTPC were top contributors to the indices taking them forward. Powergrid, IndusInd Bank were the losers on both indices as 28 shares advanced on the Sensex and 48 on the Nifty.
Meanwhile, the trends were mixed today as the Asian market were trading negative on Wednesday morning, while the US market too closed mixed on Tuesday.
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Among the Asian market indices, Nikkei 225 was trading lower by 0.80%, Hang Seng index 0.85 and Shanghai Composite was down 0.40% around 7.30 am on Wednesday.
On Tuesday, Nasdaq Composite closed 0.56% lower, S&P 500 0.10% down, Russell 2000 ended 0.66% negative, while the Dow Jones gained 0.26% on Tuesday's closing.
Ahead of the market open Zee Business research team brings you a list of 20 stocks for profitable trade. These stocks are identified from cash, F&O and techno segments on daily basis to help investors make money in intraday, positional trade and long-term investment. Below is the list of stocks identified by Ashish Chaturvedi and Kushal Gupta to help you make a profitable trade on Wednesday.
Ashish Chaturvedi's Stock Picks
BUY AVADH SUGAR TARGET 480 SL 451
BUY L&T INFOTECH 7410 SL 7200
BUY GCPL 970 CE TARGET 12 SL 2
BUY SUMITOMO CHEM TARGET 405 SL 370
BUY LT TARGET 2300 DURATION 12 MONTHS
BUY BANNARI AMMAN SPINNING MILLS TARGET 140 DURATION 12-18 MONTHS
BUY AMARA RAJA TARGET 630 SL 610
BUY INDORAMA SYNTHETICS TARGET 63 SL 54
BUY BIRLASOFT TARGET 580 SL 520
BUY SJVN TARGET 31 SL 28.65
MY BEST
BUY BANNARI AMMAN SPINNING MILLS TARGET 140 DURATION 12-18 MONTHS
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Kushal Gupta Stock Picks
Rupa & Company - Buy - 423, sl - 405
Escorts - Buy - 1930, SL - 1860
Glenmark Pharma 510 JAN CE @25.30 - Buy - 35, SL - 20
Tata Motors DVR - Buy - 243, sl - 234
Tata Consumer Products - Buy - 870, Duration: 6 months
GNFC Buy - 517, Duration - 3 months
Natco Pharma - Buy - 915, sl - 880
Dr Lal Path Buy 3662, SL 3535
NMDC FUT Sell 129, sl 135
Tata Steel FUT Sell 1095, SL 1140
Best Pick
Glenmark Pharma 510 JAN CE @25.30 - Buy - 35, SL - 20
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