Stocks to buy today: List of 20 stocks for profitable trade on February 21
Domestic equity market corrected marginally on Friday in its third consecutive negative closing as Ukraine crisis weighed on the market amid weak global cues.
Domestic equity market corrected marginally on Friday in its third consecutive negative closing as Ukraine crisis weighed on the market amid weak global cues. The week gone by witnessed only one positive closing out of five sessions in highly volatile trading. Benchmark Sensex and barometer Nifty50 closed 0.16% and 0.10% lower on Friday. Nifty Midcap declined 0.91% and Nifty Smallcap plunged 1.06% as Realty, oil & gas, Pharma, media sectors were worst hit.
As current global cues are forcing global equities to remain unstable, the domestic market is also expected to continue its volatile trend in the coming days, says Vinod Nair, Head of Research at Geojit Financial Services.
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"On the lower end, 17200 may act as support for the falling market. On the higher end, crucial resistance is placed at 17500," Rupak De, Senior Technical Analyst at LKP Securities said.
Meanwhile, Asian share markets slipped on Monday amid warnings Russia was set to invade Ukraine. Russia upped the ante in the high-stakes diplomatic game by extending military drills in Belarus, while satellite imagery from Maxar showed multiple new field deployments of armour and troops near the border with Ukraine, reported Reuters.
Japanese Nikkei 225 was trading lower by more than 0.59%, Hang Seng Index that Hong Kong Exchange was down by 0.51% and Shanghai Composite was trading 0.42% lower in the early morning trade amid uncertainty surrounding Russia-Ukraine on Monday.
Earlier, the US markets too had ended in deep red on Friday. Dow Jones slipped 0.6(5, Nasdaq Composite declined 1.23%, S&P500 closed 0.72% ad Russell 2000 slumped 0.93% in Friday's closing.
Meanwhile, ahead of the market opening, Zee Business research team picked 20 stocks for profitable trade on Monday. These stocks have been shortlisted from cash, F&O and techno segments to help traders make profit on short-term, positional and long-term investment. Below is the list of stocks identified by our research analysts. Take a look:
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY VARUN BEVERAGES TARGET 986 SL 943
FUTURES
BUY BAJAJ AUTO TARGET 3680 SL 3612
OPTIONS
BUY ICICI BANK 740 PE TARGET 11.80 SL 4
TECHNO
SELL LUPIN TARGET 756 SL 775
FUNDA
BUY GAIL TARGET 160 DURATION 6-9 MONTHS
INVESTMENT PICK
BUY JSW ENERGY TARGET 410 DURATION 9-12 MONTHS
STOCK IN NEWS
BUY GODAWARI POWER TARGET 320 SL 295
MY CHOICE
SELL ALKEM TARGET 3252 SL 3350
BUY JAGSONPAL PHARMA TARGET 222 SL 204
BUY SPIC TARGET 63 SL 59
MY BEST
BUY JSW ENERGY TARGET 410 DURATION 9-12 MONTHS
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Kushal Gupta Stock Picks
Cash
Gokaldas Exports - Buy - 368, sl - 354
Futures
Info Edge Sell 4300, SL 4470
Gokaldas Exports - Buy - 368, sl - 354
OPTN
Bharat Forge 690 PE@8.25 - Buy - 13, sl - 6.5
Techno
JSW Steel - Sell - 616, sl - 640
Funda
HUL - Buy - 2900, Duration - 1 year
Invest
Laurus Labs - Buy - 650, Duration - 1 year
News
Goa Carbon - Buy - 385, sl - 371
Mychoice
Federal Bank - Buy - 100, sl - 96.5
Tata Steel FUT Sell 1160, Sl 1210
Balkrishna Ind FUT Sell 1920, Sl 2010
Best Pick
HUL - Buy - 2900, Duration - 1 year
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08:08 AM IST