Domestic equity markets closed flat with negative bias on weekly expiry day on Thursday. The retreat was led by the oil & gas, auto and metal sectors. Benchmark Nifty closed above crucial 17,200, while the 30-share Sensex ended the day at 57,794.32 after trading in the narrow range of 0.50% on either side on Thursday. The shares that pulled down the markets were Reliance Industries Limited (RIL), JSW Steel, Tata Steel, Bajaj Auto, UPL, Maruti State Bank, Bajaj Finance and Bjaaj Finserv. 

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There were positive indications from the Asian market as Hang Seng Index traded 442 points higher, Shanghai Composite also gained 7 points on Friday, while Japanese Nikkei 225 remained closed for the year end. The Japanese index had closed 115 points lower on Thursday.  

Earlier, all major US stock market indices closed marginally lower on Thursday. Dow Jones corrected 91 points to 36,398, Nasdaq Composite slipped 25points to close at 15,742, S&P500 declined 14.33 points to settle at 4779 and Russell 2000 ended 0.45 points lower or flat at 2249 in Thursday's closing 

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Meanwhile ahead of the market open, Zee Business research team has shortlisted 20 stocks for profitable trade. These stocks are selected from cash, F&O and techno segments to help investors make money on a given day. Stocks are picked for the purpose of intraday, positional trade and long-term investment. Below is the list of stocks identified by Ashish Chaturvedi and Kushal Gupta on December 31, 2021—Take a look:  

Ashish Chaturvedi Stock Picks 

BUY PATE ENG TARGET 37 SL 30  

BUY TITAN FUT TARGET 2560 SL 2400  

BUY Dr REDDY 4900 CE TARGET 181 SL 165  

BUY AUTOMOTIVE AXLES TARGET 1665 SL 1505  

BUY ESCORTS TARGET 2050 DURATION 1 MONTH  

BUY UNITED SPIRITS TARGET 1120 DURATION 9-12 MONTHS  

BUY IDFC BANK TARGET 49.50 SL 46.70  

BUY ANUPAM RASAYAN TARGET 996 SL 946 

BUY BIRLA CABLES TARGET 108 SL 99.85 

BUY SCHAEFFLER INDIA TARGET 9500 SL 8615 

MY BEST 

BUY ESCORTS TARGET 2050 DURATION 1 MONTH 

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Kushal Gupta Stock Picks 

JSW Energy - 310, sl - 294   

GNFC FUT - Buy - 450, sl - 431   

Interglobe Aviation 2000 CE@ 91 - Buy - 115, sl - 80   

RBL Bank FUT - Sell - 125, sl - 134   

Fortis Healthcare - Buy - 400, Duration: 1 year   

Wipro - 850, Duration: 6 months   

Time Techno - Buy - 76, sl - 71.5  

IB Real Estate - Buy - 162, sl - 154 

Magadh Sugar - Buy - 260, sl 250 

Route Mobile- Buy -2100,Duration 6 months 

Best Pick 

JSW Energy - 310, sl - 294