Stocks to buy today: List of 20 stocks for profitable trade on February 15

The Indian markets witnessed a sharp correction amid escalating geo-political tension and weaker global cues as Rs 8.5 lakh crore of investors wealth was eroded on a single day on Monday

These stocks have been identified from cash, Futures & Options and techno segments, keeping in mind short-term, positional and long-term investment. Source: Pixabay

The Indian markets witnessed a sharp correction amid escalating geo-political tension and weaker global cues as Rs 8.5 lakh crore of investors wealth was eroded on a single day on Monday. Metal, auto, banking and financial Servies were worst hit even as small cap and mid cap indices corrected over 4 per cent on manic Monday.

Nifty breached its previous support zones and closed with losses of around 530 points, Chandan Taparia, Vice President, Analyst-Derivatives, Motilal Oswal Financial Services Limited, said in post market commentary.

"Nifty formed a bearish candle on a daily scale and has been forming lower highs - lower lows from the last two sessions. Now till it holds below 17000 zones, bounces can be sold and weakness can be seen towards 16600-16500 whereas hurdles can be seen at 17100 and 17300 zones," added Taparia.

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Asian share benchmarks dropped on Tuesday as investors contemplated the implications of a potential imminent Russian invasion of Ukraine, said Reuters.

MSCI`s broadest index of Asia-Pacific shares outside Japan was down 0.4% in early regional trade after stock markets in the United States and Europe lost ground on Monday. Japan`s Nikkei was down 0.2% while in Australia, the S&P/ASX200 was off 0.32%.

Hong Kong`s Hang Seng Index slid 0.52% early in the session, although China`s CSI300 Index bucked the trend and was up 0.2%.

In the US market, the Dow Jones Industrial Average fell 0.49%, the S&P 500 lost 0.38% and the Nasdaq Composite was essentially flat, losing just 0.24 point.

Meanwhile, ahead of the market open, Zee Business research team shortlisted 20 stocks for profitable trade. These stocks have been identified from cash, Futures & Options and techno segments, keeping in mind short-term, positional and long-term investment. Below is the list of stocks handpicked by Zee Business research analysts.

Ashish Chaturvedi Stock Picks

CASH STOCK

BUY GRAPHITE INDIA TARGET 500 SL 475

FUTURES

SELL CITY UNION BANK TARGET 129 SL 133.50

OPTIONS

BUY M&M FIN 147.50 PE TARGET 5.40 SL 2.60

TECHNO

SELL HDFC LTD TARGET 2250 SL 2340

FUNDA

BUY MOIL TARGET 194 DURATION 1 MONTH

INVESTMENT PICK