Domestic equity markets corrected more than 1 per cent amid volatility on Friday. Benchmarks Nifty50 and the S&P BSE Sensex closed 1.31% lower each on the last trading day of the week, snapping a three-day gain. The broader Nifty50 slipped below 17,400 to close at 17,374.75, while the Sensex declined nearly 800 points to end at 58,152.92. 

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"Once again, the index has slipped below the50 EMA. The trend looks sideways to negative for the near term. On the lower end, support is visible at 17250-17265. On the other hand, Nifty needs to move beyond 17640 to change the current bearish trend," said Rupak De, Senior Technical Analyst at LKP Securities. 

On Monday, Asian stocks slipped amid warnings that Russia may plan a surprise attack on Ukraine. All major Asian indices were trading lower. Japanese Nikkei 225 was down over 2.57%, Hang Seng Index was trading lower by 1.45% and Shanghai Composite was down by 0.54%.  

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SGX Nifty Futures on the Singaporean Exchange was too trading lower by massive 220.50 points or 1.27% to 17,133.50 in the morning trade around 8 am.  

The US markets too had closed in the red on Friday. Dow Jones ended 1.43% lower, Nasdaq Composite declined 2.78%, S&P500 dipped 1.90% and Russell 2000 had settled with 1.02% loss on Friday.  

Meanwhile, Zee Business research team has shortlisted 20 stocks from cash, F&O and techno segments to help investors make money on Short-term, positional and long-term investments. Below is the list of 20 stocks, take a look: 

Varun Dubey Stock Picks  

Cash 

Buy Oil India Target Rs 238 SL RS 225 

 

Futures 

Sell Asian Paints FUT Target Rs 3120 SL Rs 3260 

  

Option s 

Buy Tata Motors 490 PE Target Rs 15 SL Rs 9 

  

Tech 

Sell Gujarat Gas FUT Target Rs 615 SL Rs 645 

  

Funda 

Buy Petronet LNG Target Rs 232 SL RS 220 

  

Invest 

Buy IEX Target Rs 300 Duration 6 to 8 Months 

  

News 

Buy HBL Power Target Rs 75 SL RS 70 

  

My Choice 

Buy HOEC Target Rs 215 SL RS 203 

Buy Capri Global Target Rs 600 SL Rs 565 

Sell Muthoot Finance FUT Target Rs 1365 SL RS 1440 

  

Best Pick 

Buy Oil India Target Rs 238 SL RS 225 

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Kushal Gupta Stock Picks 

Cash 

Excel Ind - Buy - 1000, sl - 958 

  

FTR 

Ashok Leyland FUT - Sell - 128, sl - 136 

  

OPTN 

Wipro - 560 PE@ 12.15 - Buy - 24, sl - 9 

  

Techno 

ICICI Bank FUT - Sell - 770, sl - 800 

  

Funda 

Maithan Alloys - Buy - 1250, Duration - 3 months 

  

Invest 

HUL - Buy - 2600, Duration - 1 year 

  

News 

Hindustan Copper FUT - Sell - 135, sl - 141 

  

Mychoice 

Hindalco FUT - Sell - 525, sl - 550 

Vedanta FUT - Sell - 367, sl - 383 

Berger Paints FUT - Sell - 698, sl - 725 

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Best Pick 

Ashok Leyland FUT - Sell - 128, sl - 136