Stocks to buy today: List of 20 stocks for profitable trade on May 16
Both the benchmark indices - Sensex slipped by over 136 points and Nifty50 settled below the 15800-level amid weak global cues on Friday.
The domestic markets on Friday concluded negative as the benchmark indices – Sensex slipped by over 136 points and Nifty50 settled below the 15800-level amid weak global cues. On the contrary, Nifty mid-cap and small-cap closed positive by around 1 per cent higher on Friday
On the global front, the US indices closed higher on Friday, as Dow Jones jumped almost 1.5 per cent, Nasdaq and S&P 500 surged around 4 and 2.5 per cent at the close. In Asian markets, Japan’s Nikkei is trading higher nearly 0.5 per cent, while Hong Kong, China, and South Korea indices fall in the early morning trade.
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 Varun Dubey and Ashish Chaturvedi.
Stocks recommended by Varun Dubey
Cash: Buy Railtel Target Rs 100 SL RS 93.5
Futures: Buy Bandhan bank Target Rs 330 SL RS 312
Tech: Buy Sell Torrent Power FUT Target Rs 420 SL RS 440
Funda: Buy Britannia Target Rs 3375 SL 3220
IPL: Buy Radico Khaitan Target Rs 1000 Duration 8 Months
News: Buy Elgi Equipment Target Rs 267 SL RS 250
My Choice
Buy Triveni Eng Target Rs 276 SL RS 260
Buy Punjab Alkalies Target Rs 79 SL RS 74
Buy Avenue Supermart Target Rs 3330 SL Rs 3200
Best Pick: Buy Radico Khaitan Target Rs 1000 Duration 8 Months
Stocks recommended by Ashish Chaturvedi
CASH: BUY TRIVENI TURBINE 182 SL 170
FUTURES: BUY EICHER MOTORS TARGET 2515 SL 2420
OPTION: BUY BIOCON 320 PE TARGET 8.5 SL 3.5
TECHNO: SELL CITY UNION BANK FUT TARGET 115 SL 121
FUNDA: BUY COLGATE TARGET 1920 DURATION 12 MONTHS
IPL STOCK: BUY JUBILANT FOOD TARGET 600 DURATION 12 MONTHS
STOCK IN NEWS: BUY PNC INFRA TARGET 245 SL 232
MY CHOICE
BUY ABB INDIA TARGET 2385 SL 2250
BUY MAX HEALTH TARGET 372 SL 355
BUY HOME FIRST TARGET 800 SL 750
MY BEST: BUY HOME FIRST TARGET 800 SL 750
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