The domestic equity market extended losses for the second day in a row on Monday in a holiday-shortened week. IT, auto and consumer durable stocks dragged the market the most on Monday, however, bank and financial stocks helped Nifty and Sensex pare most of the losses in closing the hours. The NSE and BSE will remain closed on Tuesday on account of Id-Ul-Fitr (Ramzan Id). Earlier on Monday, the broader Nifty50 closed above 17,000-mark, while the Sensex dropped 85 points. The 12-share Bank Nifty gained over 70 points to end near 36,200.  

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On Wednesday morning, Asian markets were trading mixed as SGX Nifty Futures on the Singaporean exchange gained nearly 100 points, while Hang Seng Index at the Hong Kong Exchange dropped more than one per cent. 

 

Meanwhile, ahead of the market opening, Zee Business research team brings you a list of stocks for profitable trade. The stocks have been picked, keeping in mind the interest of retail investors, who can make good returns from these stocks in the short-term, positional and long-term basis. Below is the list of stocks identified by our analysts on Monday, May 4, 2022. 

Kushal Gupta Stock Picks  
Cash 
JSW Energy - Buy - 315, sl - 300  
FTR 
Godrej Prop - Buy - 1670, sl - 1600  
OPTN 
Alembic Pharma 780PE@38 - Buy - 52, sl - 28  
Techno 
LIC Housing Finance - Buy - 402, sl - 382  
Funda 
Hindalco - Sell - 470, sl - 492 
IPL 
Voltas - Buy - 1250, sl - 1200  
News 
Cosmo Films - Buy - 1900, sl - 1830 
 
Mychoice 
Ramkrishna Forgings - Buy - 195, sl - 185 
Vedanta - Sell - 396, sl - 413 
Concor - Buy - 660, sl - 635 
 
Best Pick 
LIC Housing Finance - Buy - 402, sl - 382 
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Ashish Chaturvedi Stock Picks  
CASH KA STOCK 
BUY EIH ASSOC TARGET 500 SL 470 
 
FUTURES 
BUY UPL TARGET 850 SL 820  
 
OPTIONS 
BUY ITC 265 CE TARGET 10 SL 5 
 
TECHNO 
BUY BLUEDART TARGET 7800 SL 6800  
 
FUNDA 
BUY TATA STEEL TARGET 1560 DURATION 9 MONTHS 
 
IPL STOCK 
BUY SUMITOMO CHEM TARGET 550 DURATION 12 MONTHS 
 
 
STOCK IN NEWS 
BUY ASTEC LIFE TARGET 2000 SL 1935 
 
MY CHOICE 
BUY ACCELYA TARGET 1030 SL 975 
BUY BANDHAN BANK TARGET 350 SL 330 
BUY NAVABHARAT VENTURES TARGET 180 SL 168 
 
MY BEST 
BUY NAVABHARAT VENTURES TARGET 180 SL 168 

Earlier, on Tuesday, all major US indices closed with gains ahead of crucial Fed Policy announcements on Wednesday. Dow Jones gained 67 points, Nasdaq settled higher by 28 points and S&P 500 gained more than 20 points on Tuesday.