Stocks to buy today: List of 20 stocks for profitable trade on February 18
The Indian stock market fell for the second straight day amid profit booking and volatility due to mixed global cues on Thursday.
The Indian stock market fell for the second straight day amid profit booking and volatility due to mixed global cues on Thursday. Domestic equity benchmarks Nifty50 and the Sensex corrected by 0.10% and 0.18% respectively amid massive selling pressure from banking and financial stocks. After touching 17,400, the Nifty ended lower by 17.60 points to 17,304.60 as 17 shares advanced and 33 declined on the index. The barometer Sensex dropped over 100 points to settle at 57,892.01 as 19 shares ended in negative, while 11 settled in the green on the 30-share Sensex on Thursday.
"On the index front, 17100-17000 will be seen as the immediate support range while 17500 is the resistance. We could continue to see some higher volatility within this broad range while a breakout on either side beyond the mentioned boundaries will lead to the next directional move," said Ruchit Jain, Lead Research, 5paisa.com
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Meanwhile, all major Asian indices were trading negative in early trade after an exchange of fire in eastern Ukraine and renewed U.S. warnings of an imminent Russian invasion left investors in the lurch. Japanese Nikkei 225 was dow over 0.60%, Hang Seng Index at the Hong Kong Exchange dropped 0.20% and Shanghai Composite was trading flat with negative bias around 7.40 am on Friday.
In the US market on Thursday, the Dow Jones corrected 1.8% in worst session of the year, the S&;P 500 fell 2.1% and the Nasdaq dropped 2.9%.
Ahead of the market opening, Zee Business research team brings you a list of 20 stocks from cash, F&O and techno segments to help you make profit. These stocks have been shortlisted keeping short-term, positional and long-term investment perspective of investors. Below is the list of stocks for profitable trade, take a look:
Varun Dubey Stock Picks
Cash
Buy Hester Biosciences Target Rs 2400 SL RS 2250
Futures
Buy Hero Moto Target Rs 2830 SL Rs 2680
Options
Buy Metropolis 2000 PE Target Rs 85 SL RS 60
Tech
Sell Balkrishna Ind Target Rs 1940 SL RS 2030
Funda
Buy Hind Copper Target Rs 130 SL RS 122
Invest
Buy Jyothy Labs Target Rs 175 Duration 6 Months
News
Buy HAL Target Rs 1420 SL RS 1340
My choice
Sell Ambuja Cement Target Rs 350 SL RS 365
Sell Astral Ltd Target Rs 1825 SL RS 1910
Sell Wipro Target Rs 545 SL RS 575
Best Pick
Buy Jyothy Labs Target Rs 175 Duration 6 Months
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Kushal Gupta Stock Picks
Cash
LT Foods - Buy - 68, sl - 65.5
Futures
Bandhan Bank- sell - 310, sl - 325
Options
HDFC Bank 1500 PE @19.6 - Buy - 40, sl - 14
Techno
Indiamart Intermesh - sell - 4650, sl - 4870
Funda
M&M - Buy - 1050
Duration - 1 year
Investment
Britannia - Buy - 4150, Duration - 1 year
news
Chambal Fertilizer FUT Sell - 382, sl - 400
mychoice
Lupin Buy 790, Sl 762
Gabriel India Buy 126, Sl 120
Bharti Airtel Buy 850, Duration 6 Months
Best pick
M&M - Buy - 1050, Duration - 1 year
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