Stocks to buy today: List of 20 stocks for profitable trade on January 17
The domestic equity market closed on a flat note after staging a bounce back in the last hour of trading on Friday as even the benchmark indices gained 2.5 per cent each for the week ended January 14, 2022.
The domestic equity market closed on a flat note after staging a bounce back in the last hour of trading on Friday as even the benchmark indices gained 2.5 per cent each for the week ended January 14, 2022. Nifty 50 managed to close above 18, 250, while the Sensex too settled above 61,200. Sector wise, IT and Realty outperformed the benchmarks, while auto, financial services, FMCG, bank, pharma and media remained under pressure.
In the Asian market on Monday, the indices were trading mixed. Japanese Nikkei 225 was up 0.59%, Hang Seng Index at the Hong Kong Exchange traded lower by 0.54% and Shanghai Composite was trading higher by 0.31% around 8 am on Monday.
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The Wall Street indices too closed mixed, largely in the green on Friday. The S&P 500 closed 0.56% lower, while Nasdaq Composite, S&P 500 and Russell 2000 settled 0.59%, 0.08%, 0.14% higher on Friday respectively. The US markets will remain closed for trading on Monday.
Meanwhile, ahead of the market open on Monday, Zee Business research team brings you a list of 20 stocks for profitable trade. These shares have been shortlisted from cash, F&O and techno segments for good returns on intraday, positional to long-term basis. Below is the list of stocks identified by Kushal Gupta and Varun Dubey on Monday
Kushal Gupta Stock Picks
Cash
Tinplate - Buy - 345, sl - 312
FTR
Hero Motocorp - Buy - 2650, sl - 2540
OPTION
HCL Tech 1330 CE@ 32 - Buy - 52, sl - 25
Techno
Info Edge - Buy - 5843, sl - 5615
Funda
Exide Ind - Buy - 225, Duration - 1 year
Invest
Ashok Leyland - Buy - 180, Duration - 1 year
News
Metro Brands - Buy - 523, sl - 501
Mychoice
Bata India - Buy - 2060, sl - 1975
Kotak Mahindra Bank - Buy - 1990, sl - 1900
JK Paper - Buy - 218, sl - 209
Best Pick
Exide Ind - Buy - 225, Duration - 1 year
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Varun Dubey Stock Picks
Cash
Buy Agro Tech Target Rs 1010 SL RS 950
Futures
Sell GAIL Target Rs 140 SL RS 146.5
Options
Buy Maruti 8100 CE Target Rs 200 SL RS 145
Tech
Buy Birla Corp Target Rs 1650 SL RS 1550
Funda
Buy Sun Pharma Target Rs 895 SL RS 845
Invest
Buy Colgate target 1800 Duration 6 Months
News
Buy Rane Madras Target Rs 425 SL RS 400
My Choice
Buy Minda Ind Target Rs 1190 SL RS 1125
Buy Multibase Target Rs 230 SL RS 215
Buy CE Infosystems Target 1800 SL 1700
Best Pick
Buy Rane Madras Target Rs 425 SL RS 400
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