Stocks to buy today: List of 20 stocks for profitable trade on February 22

In a fourth straight session, the Indian markets closed in the red on Monday amid weak global cues and geopolitical tensions.

These stocks have been shortlisted from cash, F&O and techno segments to help investors make money. Source: Pixabay

In a fourth straight session, the Indian markets closed in the red on Monday amid weak global cues and geopolitical tensions. The broader Nifty 50 declined 70 points or 0.40% to 17,206.65, while the Sensex dropped 150 points to end at 57,683.59. Banking and financial services gained in a falling market, while all other sectoral and broader market indices ended lower with Nifty Metal and Media declining the most.

Meanwhile, BSE-listed companies witnessed capital erosion of 10.4 lakh crore in the last four sessions. The market cap of BSE-listed companies declined y 2.62 lakh crore, 2.61 lakh crore, 2.60 lakh crore and 2.57 lakh crore on February 16, 17, 18 and 21 respectively.

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Meanwhile, Asian indices were deep in the red amid escalating tension between Russia and Ukraine. Japanese Nikkei 225 was down 1.95%, Hang Seng Index at the Hong Kong Exchange was trading 2.25% lower and Shanghai Composite declined 0.26% in the early trade as Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, accelerating a crisis the West fears could unleash a major war.

Earlier, oil jumped to a seven-year high, safe-havens rallied and U.S. stock futures dived on Tuesday as Europe`s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine, reported Reuters.

Brent crude futures rose 1.6% to $96.94, just off their overnight seven year high. S&P 500 futures fell 1.5% and Nasdaq futures fell 2.2%. Asian stocks were also down over half a percent, while Japan`s Nikkei skidded sharply.

Meanwhile, ahead of the market opening, Zee Business research team brings you a list of 20 stocks for profitable trade. These stocks have been shortlisted from cash, F&O and techno segments to help investors make money.

Deepanshu Bhandari Stock Picks

Cash

Buy Jagsonpal Pharma Tgt 212, SL 200

Futures

Sell Indigo Fut Tgt 2040, SL 3000

Option

Buy ONGC 165 Call at 1.5 Tgt 2.5-3, SL 1.2

Techno

Sell Glenmark Fut Tgt 438, SL 460

Funda

Buy Wipro Tgt 630 Duration 9-12 Months

Invest