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.  

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

"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.  

See Zee Business Live TV Streaming Below:

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 

BUY HPCL TARGET 400 DURATION 12 MONTHS 

STOCK IN NEWS 

BUY UTI AMC TARGET 1120 SL 1070 

MY CHOICE 

BUY BRITANNIA TARGET 3890 SL 3700 

BUY MAX FINANCIAL TARGET 1100 SL 1038 

SELL JSPL TARGET 395 SL 412 

======================================================== 

Varun Dubey Stock Picks 

Cash 

Buy CAMS Target Rs 2900 SL RS 2750   

Futures 

Sell Coal India Target Rs 156 SL RS 162.5 

Options 

Buy Coforge 5500 CE Target Rs 300 SL RS 200 

Tech 

Buy Phillip Carbon Target Rs 255 SL RS 240 

Funda 

Buy Sumitomo Chemical Target Rs 410 SL RS 387 

Invest 

Buy Tarsons Products Target Rs 800 Duration 4 Months 

In News 

Buy Antony Waste Target Rs 340 SL RS 321 

My choice 

Buy Zomato Ltd Tgt 134, SL 128 

Buy RPSG Ventures Target Rs 785 SL RS 745 

Sell JSW Steel Futures Target Rs 655 SL RS 685 

MY BEST  

Buy Tarsons Products Target Rs 800 Duration 4 Months