Stocks to buy today: List of 20 stocks for profitable trade on March 14
The Indian markets ended with marginal gains on Friday in view of FOMC meeting, inflation data and Russia-Ukraine crisis this week.
The Indian markets ended with marginal gains on Friday in view of FOMC meeting, inflation data and Russia-Ukraine crisis this week. Benchmark Nifty added 0.21% to 16,630.45, while barometer Sensex was up 86 points as indices extended gains to the fourth straight session. Nifty Bank managed to settle above 34,500, while Nifty small cap and midcap indices 0.9% and 0.6% receptively. Among sectors, Pharma, healthcare, PSU Bank saw buying interest on Friday, while auto and IT sectors were seen trading under pressure.
On Wednesday morning, the Asian markets were trading mixed as Japaese Nikkei 225 was up over 1%, while the Hang Seng index at the Hong Kong Exchange was trading lower by 2% and Chinese Shanghai Composite too declines 0.8% in the opening trade.
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Russia Ukraine war and upcoming FOMC meeting continued to weigh on US markets as all major Wall Street indices ended in the red on Friday. Dow Jones dropped 0.69%, Nasdaq Composite was tanked 2.18%, S&P500 declined 1.30% and Russell 2000 ended 1.59% lower on Friday.
Ahead of the market opening, Zee Business research team brings you a list of 20 stocks for profitable trade on Monday. The Stocks have been identified from cash, F&O and techno segments to help investors maximise return in short-term, positional and long-term view. Below is the list of stocks, take a look:
Ashis Chaturvedi Stock Picks
CASH STOCK
BUY GODFREY TARGET 1070 SL 1007
FUTURES
BUY PI IND TARGET 2720 SL 2540
OPTIONS
BUY MPHASIS 3300 CE TARGET 153 SL 80
TECHNO
BUY GHCL TARGET 506 SL 480
FUNDA
BUY SAIL 125 DURATION 6 MONTHS
INVESTMENT PICK
BUY LINDE INDIA TARGET 3500 DURATION 12 MONTHS
STOCK IN NEWS
BUY HDFC BANK TARGET 1427 SL 1387
MY CHOICE
BUY IPCA LABS 1050 SL 1007
BUY NARAYAN HRUDAYALAYA 722 SL 696
BUY SUMITOMO CHEM TARGET 415 SL 392
MY BEST
BUY LINDE INDIA TARGET 3500 DURATION 12 MONTHS
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Kushal Gupta Stock Picks
Cash
Allcargo Logistics - Buy - 323, sl - 310
FTR
MGL - Buy - 785, sl - 740
OPTN
Jubilant Foodworks 2800 PE@ 97.5 - Buy - 110, sl - 90
Techno
India Cements - Buy - 210, sl - 202
Funda
Ramco Cement - Buy - 900, Duration - 3-4 months
Investment
M&M Buy 900, Duration 6 Months
News
UPL - Buy - 741, sl - 715
Mychoice
Tata Chemicals - Buy - 960, sl - 920
Sun Pharma - Buy - 930, sl - 890
Hindalco FUT Sell 570, Sl 600
Best Pick
Ramco Cement - Buy - 900, Duration - 3-4 months
Meanwhile, the domestic market is likely to focus on geopolitical tension, inflation data and Fed policies this week.
"Next week the market will focus on the reduction of commodity prices & diplomatic development between Russia and Ukraine. The market will also focus on inflation data to be released in India nd US, and US Fed & BoE meeting is scheduled for next week," Vinod Nair, Head of Research at Geojit Financial Services, said on Friday.
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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08:16 AM IST