Stocks to buy today: List of 20 stocks to buy for profitable trade on April 6
The Indian markets ended lower by more than half per cent, dragged by banking and financial stocks, amid mixed global cues on Tuesday.
The Indian markets ended lower by more than half per cent, dragged by banking and financial stocks, amid mixed global cues on Tuesday. Benchmarks Nifty50 declined 0.53% and the S&P BSE Sensex fell 0.72% as the former slipped below 18,000-mark and the later to 60,100 levels. Bank Nifty managed to hold on to 38,000-mark even as the 12-share banking index dropped more than 550 points. However, Nifty midcap and small cap indices outperformed benchmarks to edge higher by 1.3% and 0.8% respectively in Monday's closngs.
Meanwhile, Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine.
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U.S. Treasury yields hit multi-year highs and stock markets were red after Fed Governor Lael Brainard said overnight that she expected a combination of interest rate rises and a rapid balance sheet runoff to take U.S. monetary policy to a more neutral position later this year, as per Reuters.
In early trade in Asia, Japan`s Nikkei shed 1.5%, while South Korean shares fell 0.8% and Australian shares lost 1.2%. Besides, SGX Nifty Futures fell more than 170 points or around 1% on the Singaporean exchange in the early trade on Wednesday.
Ahead of the market opening, Zee Business research team brings you a list of 20 stocks for profitable trade. These stocks are picked from cash, F&O and techno space to help investors make money in short-term, positional basis and in the long run. Below is the "list of stocks, take a look.
Ashish Chaturvedi Stock Picks
CASH KA STOCK
BUY RITES TARGET 274 SL 260
FUTURES
BUY TATA STEEL TARGET 1400 SL 1325
OPTIONS
BUY PEL 2200 PE TARGET 75 SL 57
TECHNO
BUY SOLAR IND TARGET 3210 SL 2920
FUNDA
BUY NTPC TARGET 180 DURATION 6-9 MONTHS
IPL STOCK
BUY ABFRL TARGET 390 DURATION 12 MONTHS
STOCK IN NEWS
BUY PB FINTECH TARGET 865 SL 800
MY CHOICE
BUY POONAWALLA TARGET 288 SL 275
BUY SAREGAMA TARGET 5050 SL 4900
BUY KAVERI SEEDS TARGET 625 SL 590
MY BEST
BUY SOLAR IND TARGET 3210 SL 2920
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Ksuhal Gupta Stock Picks
CASH
Triveni Engineering - Buy - 332, sl - 317
FUTURES
Mahanagar Gas - Buy - 854, sl - 820
OPTIONS
Tata Motors CE@18.4 - Buy - 30, sl - 15
Techno
HDFC Bank 1600 PE@43 - Buy - 65, sl - 32
Funda
Dr Lal - Buy - 3500, Duration - 1 year
IPL
M&M - Buy - 1100, Duration - 1 year
News
TVS Motors - Buy - 750, sl - 6 Months
Mychoice
L&T Tech Buy 5350, Sl 5150
IDBI Bank Buy 47, Sl 44
ICICI Bank Fut Sell 720, Sl 750
Best Pick
HDFC Bank 1600 PE@43 - Buy - 65, sl - 32
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision)
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