Stocks to buy today: List of 20 stocks for profitable trade on February 4

Domestic equity market on Thursday snapped three-day rally to end more than one per cent lower amid weak gobal cues and pressure from IT, realty and financial services stocks. The broader Nifty50 dipped over 200 points to close below 17,600, while the 30-share Sensex declined 770 points to end at 58,788.02.  

Rupak De, Senior Technical Analyst at LKP Securities was of the view that the trend is expected to remain positive as long as Nifty remains above 17400 on closing basis. 

He said Nifty closed with a selling pressure on Thursday as it found resistance at 17775-17800. "On the lower end the index found support at 17530, which is 50EMA on the hourly timeframe. Going forward, the 17530-17500 zone may act as near term support; bounce is likely if Nifty holds above 17500," the expert said. On the higher end, resistance remains at 17700/17800, De added.  

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Asian markets were trading mixed on Friday morning. Japanese Nikkei 225 was trading flat with negative bias, Hang Seng Index at the Hong Kong Exchange was up 2.25% as it resumed trading after long holiday, while there was no trading seen on Shanghai Coposite even on Friday. The SGX Nifty Futures was trading higher by 70 points on the Singaporean Exchange around 7.55 am, hinting a positive opening for the Indian markets. 

Earlier, Meta`s stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a U.S. company, and pulling down the US markets after a good run in the first half of the week. Dow Jones ended lower by 1.45%, Nasdaq declined 3.74%, S&P500 eroded by 2.44% and Russell 2000 tanked 1.90% on Meta's crash.  

Ahead of the market open, Zee Business brings you a list of 20 stocks from cash, F&O and techno segments for profitable trade on February 4.   

Ashish Chaturvedi Stock Picks 

Cash stock

BUY EIH LTD TARGET 152 SL 144

FUTURES
SELL TATA MOT TARGET 492 SL 512

OPTIONS
BUY LTTS 4500 PE TARGET 177 SL 137

TECHNO
BUY ASAHI INDIA GLASS TARGET 700 SL 525

FUNDA
BUY GODFREY PHILLIPS TARGET 1225 SL 1120

INVESTMENT PICK
BUY SUMITOMO CHEM TARGET 475 DURATION 9-12 MONTHS

STOCK IN NEWS
BUY BRIGADE ENT TARGET 570 SL 513

MY CHOICE
BUY SELAN EXPLORATION TARGET 169 SL 163
BUY HOEC TARGET 230 SL 218
BUY HG INFRA TARGET 610 SL 576
MY BEST
BUY SUMITOMO CHEM TARGET 475 DURATION 9-12 MONTHS
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Varun Dubey Stock Picks 
Cash
Buy Kennametal Target Rs 1985 SL RS 1880

Futures
Sell Wipro Target Rs 560 SL RS 590

Options
Buy Infosys 1720 PE Target Rs 45 SL RS 30

Tech
Buy BSE Ltd Target Rs 2300 SL RS 2150

Funda
Buy ITC Target Rs 245 SL RS 230

Invest
Buy BEL Target Rs 300 Duration 6 to 8 Months

News
Buy IG Petro Target Rs 771 SL RS 730

My Choice
Buy Thomas Cook Target Rs 68 SL RS 63
Buy Onmobile Target Rs 170 SL Rs 160
Buy ONGC Target Rs 175 SL RS 165
Best Pick
Buy IG Petro Target Rs 771 SL RS 730