Stocks to buy today: List of 20 stocks for profitable trade on May 10
The Indian market ended with more than half per cent cuts, extending the losing streak to second day on Monday.
The Indian market ended with more than half per cent cuts, extending the losing streak to second day on Monday. The broader Nifty50 closed around 16,300 and the Sensex declined by 350 points as domestic equity market benchmarks closed with 0.67% each. Underperforming headline indices, Nifty midcap and small cap dropped 1.7% and 2.3% respectively. The 12-share Bank Nifty too declined by more than 300 points to settle around 34, 300. Sectorally, except for Nifty IT, all other indices slipped in the red with banking, energy and metal declining the most.
Meanwhile, all major Asian markets were seen trading negative in the early trade on Tuesday. Japanese Nikkei 225 was down 1.3%, Hang Seng Index at the Hong Kong Exchange dropped around 2.5% and Chinese Shanghai was trading with minor 0.10% cut on Tuesday.
Besides, SGX Nifty Futures, which indicates opening trend for the Indian market, was trading lower by over 100 points on the Singaporean exchange around 8 am on Tuesday.
Like every day, Zee Business research team brings you a list of 20 stocks that could be bought for robust returns on a short-term, positional and long-term basis. These stocks have been picked from cash, F&O and techno segments to help investors make money on their investments. Below is the list of stocks picked by our analysts Kushal Gupta and Ashish Chaturvedi.
Kushal Gupta Stock Picks
Cash
Sonata Software - Buy - 680, sl - 650
FTR
JSPL - Sell - 480, SL - 502
OPTN
Bank Nifty 34300 PE@330 - Buy - 480, sl - 280
Techno
Balrampur Chini - Sell - 392, sl - 412
Funda
Hindalco - Sell - 430, sl - 450
IPL stock
ONGC - Sell - 160, sl - 168
Stock in News
JSW Steel - Sell - 660, sl - 688
mychoice
Vedanta - Sell - 340, sl - 356
NALCO - Sell - 93, sl - 98
SAIL - Sell - 85, SL - 90
Best Pick
Hindalco - Sell - 430, sl - 450
~~~~~~~~~~~~~~~~~~~~~~~~~
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY TRIVENI ENG TARGET 292 SL 278
FUTURES
BUY GNFC TARGET 785 SL 750
OPTIONS
BUY MCX 1240 PE TARGET 50 SL 28
TECHNO
SELL RBL BANK FUT TARGET 107 SL 120
FUNDA
BUY CMS INFO TARGET 260 SL 245
IPL STOCK
BUY HIND ZINC TARGET 390 DURATION 12 MONTHS
STOCK IN NEWS
BUY GODREJ AGROVET TARGET 540 SL 520
MY CHOICE
SELL AB FASHION FUT TARGET 254 SL 266
SELL GAIL FUT TARGET 153 SL 160
SELL BPCL FUT TARGET 347 SL 360
MY BEST
SELL RBL BANK FUT TARGET 107 SL 120
Earlier, the US markets fell for the third day in a stretch as Dow Jones slipped nearly 2%, Nasdaq over 4%, S&P 500 over 3% and Russell 2000 dropped more than 4% on Monday.
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08:09 AM IST