Stocks to buy today: List of 20 stocks for profitable trade on January 11

The Indian markets on Monday closed on a high note as the benchmarks gained over one per cent each.

Stocks have been identified by our research analysts from cash, F&O and techno space for investors. Source: Pixabay

The Indian markets on Monday closed on a high note as the benchmarks gained over one per cent each. The Nifty50 managed to close above 18,000-mark as the index gained 190.60 (1.07%) to settle at 18,003.30, while the S&P BSE Sensex gained 1.09% or 650 points to end at 60,395.63. All sectoral and broader market indices too closed in the green.

"The market is showing strong strength despite rising covid cases and outperforming most of our global peers because the market is complacent about Covid cases as the hospitalization and mortality rate is very low. The pre-budget move is likely to continue due to various expectations where Infra, Capital goods, and infra may outperform," said Parth Nyati, Founder, Tradingo.

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Parth said, Nifty has managed to close above the psychological level of 18000, however 18100/18200 are immediate resistance levels; above this, we can expect a swift move towards a new all-time high. "On the downside, 17800 is immediate support while 17640/17500 are major support levels," he added.

Meanwhile, the Asian markets were trading mixed on Tuesday morning. Japanese Nikkei 225 declined 1.08%, Hang Seng Index was trading with gain of 0.15% and Shanghai Composite was trading higher by 0.20% on Tuesday morning.

Earlier on Monday, the US markets largely closed in the red. Dow Jones ended 0.45% lower, Nasdaq Composite was marginally up by 0.05%, S&P500 closed 0.14% lower and Russell 2000 too ended 0.40% lower on Monday.

Ahead of the market open, Zee Business research team brings you a list of 20 stocks for profitable trade on Tuesday. Below are the stocks identified by our research analysts from cash, F&O and techno space for investors.

Ashihs Chaturvedi's stock Picks

CASH STOCK

BUY UNICHEM LABS TARGET 290 SL 270

FUTURES

BUY NAM INDIA TARGET 375 SL 357

OPTIONS

BUY TATA STEEL 1140 PE TARGET 27.80 SL 16

TECHNO

BUY S.P APPARELS TARGET 600 DURATION 6 MONTHS

FUNDA

BUY KENNAMETAL INDIA TARGET 2250 DURATION 6 MONTHS

INVESTMENT PICK