Stocks to buy today: List of 20 stocks to buy for profitable trade on April 11
Snapping three-day losing streak, the Indian markets settled with more than half per cent gains on Friday on the back of the Reserve Bank of India's (RBI) decision keep lending rates unchanged and stance accommodative on Friday
Snapping three-day losing streak, the Indian markets settled with more than half per cent gains on Friday on the back of the Reserve Bank of India's (RBI) decision keep lending rates unchanged and stance accommodative on Friday. The broader Nifty50 ended higher by 0.8% as the 50-share index closed near 17,800, while the Sensex gained 0.7% or ended higher by more than 400 points near 59,450. The market witnessed three negative closings and landed in the green zone on two occasions last week.
Meanwhile, major Asian stock indices were trading lower on Monday as they slipped ahead of central bank meetings and U.S. inflation data. Japanese Nikkei 225 was trading lower by 0.7%, Hang Seng Index at the Hong Kong Exchange was down nearly 3% and Chinese Shanghai Composite was trading lower by around 2% in the early trade on Monday.
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Hinting at negative trends for the Indian markets, SGX Nifty Futures too dropped more that 100 points on the Singaporean Exchange in Monday's early session.
Earlier on Friday, the Dow Jones Industrial Average rose 137.55 points, or 0.4%, to 34,721.12, the S&P 500 lost 11.93 points, or 0.27%, to 4,488.28 and the Nasdaq Composite dropped 186.30 points, or 1.34%, to 13,711.00.
Ahead of the market opening, Zee Business research team brings you a list of 20 stocks for profitable trade on Monday. These stocks have been picked from cash, F&O and techno space to help inestors make money on a short-term, positional and long-term basis. Below is the list of stocks, take a look.
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY CENTURY ENKA TARGET 670 SL 600
FUTURES
BUY AXIS BANK TARGET 806 SL 785
OPTIONS
BUY M&M FIN TARGET 180 CE TARGET 6.80 SL 3.70
TECHNO
BUY SRF TARGET 2850 SL 2700
FUNDA
BUY PAGE IND TARGET 51000 DURATION 6-9 MONTHS
IPL STOCK
BUY JINDAL STAINLESS TARGET 255 DURATION 12 MONTHS
STOCK IN NEWS
BUY SMS LIFE TARGET 820 SL 780
MY CHOICE
BUY DALMIA BHARAT SUGAR TARGET 560 SL 515
BUY BALRAMPUR CHINI TARGET 530 SL 500
BUY MINDA CORP TARGET 240 SL 220
MY BEST
BUY SRF TARGET 2850 SL 2700
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Varun Dubey Stock Picks
Cash
Buy Rites Target Rs 270 SL Rs 255
Futures
Sell Escorts Target Rs 1570 SL Rs 1640
Options
Buy Tata Motors 460 CE Target Rs 20 SL Rs 13
Tech
Buy IEX Target Rs 250 SL RS 236
Funda
Buy Ruchi Soya Target Rs 960 SL RS 910
IPL STOCK
Buy GNA Axles Target Rs 800 Duration 4 to 6 months
News
Buy Go Fashion Target Rs 1030 SL RS 980
My Choice
Buy Motherson Sumi Wiring Target Rs 74 SL Rs 70
Buy Avanti Feeds Target Rs 485 SL RS 460
Buy ICICI Bank Target Rs 785 SL RS 740
Best Pick
Buy GNA Axles Target Rs 800 Duration 4 to 6 months
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