Stocks to buy today: Aster DM, Shriram Transport, Quickheal Tech, Mphasis among list of 20 stocks for profitable trade on July 18

After four consecutive negative closings last week, the domestic stock market ended on a strong note on Friday as benchmarks gained more than half per cent each. The Nifty50 and the Sensex declined 1.1% and the Sensex dropped 1.3% for the week ended on July 15. On Friday, the benchmark indices closed at 16,049.20 and 53,760.78 respectively.  

"The Nifty, in the week gone by, stumbled near multiple technical parameters, which were near 16200. It has been hovering near the level of 16000 for the last few sessions. On the weekly chart, it has formed an Inside bar, which shows loss of momentum," said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas. 

The near-term support zone for the index is 15850-15900. Once that is breached then the index can slide down towards 15500, he said. From a trading perspective, sell on rise will be the strategy for short term traders with reversal above the swing high of 16275. The expert advised.  

Meanwhile, cues from the Asian market remained positive on Monday morning. The SGX Nifty, which hints at the opening trends for the Indian market, was trading higher by more than 150 points on the Singaporean exchange on Monday morning.  

Other major Asian indices were also seen putting up a strong opening as Japanese Nikkei was trading higher by more than half per cent, Hang Seng Index at the Hong Kong Exchange rose over one per cent and Chinese Shanghai Composite gained 0.9% in the early trade on Monday.  

Earlier, the US market ended strong on Friday. Dow Jones closed higher by 2.15%, Nasdaq index rose 1.79% and S&P 500 ended with 1.92% gains.  

Meanwhile, irrespective of market conditions, Zee Business brings you a list of 20 stocks for profitable trade on a daily basis. These stocks are picked from cash, techno and F&O space with short-to-long-term time horizon. It also includes intraday calls. The list is made in such a way that it helps investors make profit on their capital in a stipulated period of time. Below is the list of such stocks on Monday.  

Ashish Chaturvedi Stock Picks 

CASH STOCK 

BUY ASTER DM TARGET 222 SL 205 

FUTURES 

SELL TECH MAH FUT TARGET 923 SL 955 

OPTIONS 

BUY SHRIRAM TRANSPORT 1320 CE TARGET 38 SL 21 

TECHNO 

BUY TATA MOTORS TARGET 460 SL 426 

FUNDA 

BUY SAFARI IND TARGET 1200 SL 1000 

INVEST STOCK 

BUY ABBOTT INDIA TARGET 24000 DURATION 9-12 MONTHS 

STOCK IN NEWS 

BUY MAHARASHTRA SEAMLESS TARGET 690 SL 660 

MY CHOICE 

BUY CUMMINS INDIA TARGET 1050 SL 1000 

BUY WHIRLPOOL TARGET 1750 SL 1680 

BUY GNFC TARGET 650 SL 620 

MY BEST 

BUY TATA MOTORS TARGET 460 SL 426 

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Kushal Gupta Stock Picks 

Cash 

Quickheal Tech - Buy - 172, sl - 164 

FTR 

Axis Bank FUT - Sell - 650, sl - 673 

OPTN 

Interglobe Aviation 1780 CE@56 - Buy - 76, SL - 46 

Techno 

Mphasis - Buy - 2200, sl - 2120 

Funda 

Oberoi Realty - Buy - 1000, Duration - 1 year 

Invest 

M&M - Buy - 1400, Duration - 1 year 

News 

Elecon Engineering - Buy - 320, sl - 305 

Mychoice 

Godrej Properties - Buy - 1383, sl - 1330 

SBI FUT - Sell - 462, sl - 483 

KNR Constructions - Buy - 258, sl - 246 

Best Pick 

M&M - Buy - 1400, Duration - 1 year