Stocks to buy today: List of 20 stocks for profitable trade on March 23

The Indian markets made a sharp recovery in the last hours to end more than 1% higher on Tuesday. The recovery was led by IT, Private Bank and Oil & Gas stocks. The Nifty50 closed above 17,300, while the Sensex too added nearly 700 points. In the broader market, Nifty midcap and smallcap indices too ended in the green with the gains of nearly 0.25%. After declining by around 500 points, the 12-share banking index Nifty Bank added more than 350 points to end above 36,300. 

Meanwhile, following the US market, the Asian indices started on a high note on Wednesday. Japanese Nikkei 225 was up over 650 points, Hang Seng index at the Hong Kong exchange gained over 350 points and Chinese Shanghai Composite was up 12 points in the morning trade around 8 am.  

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SGX Nifty at the Singaporean Exchange too was trading higher by nearly 70 points to 17,440 around the same time. 

Earlier, treasury yields marched higher on Tuesday, bringing U.S. stocks with them, as investors digested the increased likelihood of swift interest rate hikes following hawkish comments from the U.S. Federal Reserve, said Reuters 

The Nasdaq led Wall Street`s main indexes higher, rising nearly 2%, as investors bought the dip in technology stocks, including Apple Inc, Microsoft Corp, Amazon.com Inc, Meta Platforms Inc and Alphabet Inc. The Dow Jones Industrial Average rose 254.87 points, or 0.74%, to 34,807.86 and the S&P 500 gained 50.63 points, or 1.13%, to 4,511.81. 

Meanwhile ahead of the market opening, Zee Business research team brings you a list of 20 stocks to buy from cash, F&O and techno segments. These stocks have been picked keeping in view the short-term, positional and long-term investment requirement of investors.  

Ashish Chaturvedi Stock Picks 

CASH STOCK 

BUY BHARAT DYNAMICS TARGET 587 SL 570 

FUTURES 

BUY INFO EDGE TARGET 4900 SL 4700 

OPTIONS 

BUY RBL BANK 135 CE TARGET 6.65 SL 3.50 

TECHNO 

BUY ICICI SEC TARGET 692 SL 659 

FUNDA 

BUY CUMMINS INDIA TARGET 1400 DURATION 12 MONTHS 

INVESTMENT PICK 

BUY LUMAX AUTO TECH TARGET 250 DURATION 12-18 MONTHS 

STOCK IN NEWS 

BUY BRIGADE ENT TARGET 525 SL 505 

MY CHOICE 

BUY HAL TARGET 1460 SL 1397 

BUY GUJARAT ALKALIES TARGET 785 SL 750 

BUY SUVEN PHARMA TARGET 553 SL 530 

MY BEST 

BUY LUMAX AUTO TECH TARGET 250 DURATION 12-18 MONTHS 

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Kushal Gupta Stock Picks 

Cash 

Paras Defence - Buy - 660, sl - 630 

FTR 

L&T Tech - Buy - 5050, sl - 4850 

OPTN 

M&M Finance - 160 CE@4.25 - Buy - 8, SL - 2.5 

Techno 

Infosys - Buy - 1940, sl - 1860 

Funda 

Voltas - Buy - 1550, Duration - 3 months 

Investment 

Bharti Airtel - Buy - 900, Duration - 1 year 

Stock in News 

Bhansali Engg - Buy - 136, sl - 129 

Kotak Bank - Buy - 1870, sl - 1795 

Trent Buy 1320, Sl 1265 

Siemens Buy 2370 Sl 2280 

My Best 

Voltas - Buy - 1550, Duration - 3 months