Stocks to buy today: List of 20 stocks to buy on February 9 for profitable trade
Snapping three days losing streak, the Indian markets returned to settle in the green as the benchmarks saw sharp recovery in the last hour before closing of the trading session on Tuesday.
Snapping three days losing streak, the Indian markets returned to settle in the green as the benchmarks saw sharp recovery in the last hour before closing of the trading session on Tuesday. Headline indices gained 0.31% and 0.33% respectively as metal, pharma and PSU Bank led the market's recovery. Auto, financial services, Nifty Bank and healthcare too ended in the green.
"Bulls managed to hold the psychological 17000 level after a fight with the bears. On the daily chart, Nifty has formed a dragonfly Doji pattern suggesting buying at the lower levels. The recovery in the market may continue as long as the index holds above 17000. On the higher end, immediate resistance is visible at 17330. Sustained trades above 17330 may induce further rally in the market," Rupak De, Senior Technical Analyst at LKP Securities, had said in post market closing commentary.
On Wednesday morning, all major Asian indices were trading positive. Japanese Nikkei 225 gained 0.75%, Hang Seng Index at the Hong Kong Exchange surged 1.72% and Shanghai Composite traded flat with positive bias around 7.50 am on Wednesday.
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In the US market, the indices turned green in Tuesday's closing. Dow Jones gained 1.06%, Nasdaq Composite surged 1.28%, S&P500 appreciated 0.84% and Russell 2000 closed 1.63% higher on Tuesday.
Ahead of the market opening, Zee Business research team has shortlisted 20 stocks that could be good bets from a short-term, positional and long-term investment perspective. These stocks have been identified from cash, F&O and techno segments. Below is the list of stocks, take a look:
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY RUPA TARGET 540 SL 505
FUTURES
BUY NALCO TARGET 120 SL 115
OPTIONS
BUY CIPLA 950 CE TARGET 26 SL 17.75
TECHNO
BUY SUN PHARMA TARGET 917 SL 887
FUNDA
BUY DATA PATTERNS 723 SL 696
INVESTMENT PICK
BUY INGERSOL RAND TARGET 1800, DURATION 12 MONTHS
STOCK IN NEWS
BUY BPCL TARGET 390 SL 371
MY CHOICE
BUY SHILPA MEDICARE 512 SL 480
BUY CINELINE TARGET 126 SL 116
BUY JSW ENERGY 321 SL 304
MY BEST
BUY NALCO TARGET 120 SL 115
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Kushal Gupta Stock Picks
Cash
JK Paper - Buy - 241, sl - 231
Futures
IRCTC - Buy - 865, sl - 829
Options
Rain Ind 225 CE@ 10.65 - Buy - 15, sl - 8
Tehcno
Gujarat Gas - Sell - 645, sl - 672
Funda
Godrej Properties - Buy - 1850, Duration - 1 year
Investment
Exide Buy 225, Duration 6 Months
Stock in News
Jagran Prakashan Buy 71, sl 68
MY CHOICE
IDFC Buy 66, SL 62.5
Redington Buy 165, SL 157
BSE Buy 2150, SL 2050
MY BEST
JK Paper Buy 241, Sl 231
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08:08 AM IST