Extending its winning momentum to the seventh straight day, the Indian markets hit a lifetime high on Wednesday amid a largely positive trend in global markets and continuous foreign fund inflows.

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BSE Sensex rallied 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. The broader NSE Nifty advanced 140.30 points or 0.75 per cent to end at 18,758.35, its fresh record closing high.

In the broader market, the BSE midcap gauge jumped 1.06 per cent and smallcap index climbed 0.61 per cent.

In today's edition of Traders Diary, Zee Business research team brings its exclusive research on 20 stocks that investors and traders can refer to while making their strategies in them. The research team of Kushal Gupta and Varun Dubey recommends a buy, sell or hold strategy in cash stocks, futures and give their best picks for today.

Stocks Recommended by Kushal Gupta

CASH: SHILPA MEDICARE - BUY – Target Rs 290, Stop Loss - Rs 277

FUTURES: COFORGE - BUY - Target Rs 4160, Stop Loss - Rs 3990

OPTIONS: TCS 3400 CE@80 - BUY - Target Rs 95, Stop Loss - Rs 70

TECHNO: JSPL - BUY - Target Rs 555, Stop Loss - Rs 532

FUNDA: TATA ELXSI - BUY – Target Rs 8000, DURATION 6 MONTHS

INVESTMENT: HDFC BANK - BUY - Target Rs 2000, DURATION 12 MONTHS

NEWS: ONGC - BUY - Target Rs 146, Stop Loss - Rs 139

MY CHOICE

NMDC - BUY - Target Rs 122, Stop Loss - Rs 115

MPHASIS - BUY - Target Rs 2100, Stop Loss - Rs 2000

UNITED BREWERIES - BUY -  Target Rs 1760, Stop Loss - Rs 1690

BEST PICK: COFORGE - BUY - Target Rs 4160, Stop Loss - Rs 3990

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Stocks Recommended by Varun Dubey

CASH: BUY LIKHITHA INFRA TARGET Rs 490 Stop Loss Rs 460

FUTURES: BUY PERSISTENT SYSTEMS TARGET Rs 4300 Stop Loss Rs 4100

OPTIONS: BUY NALCO 78 CE TARGET Rs 3 Stop Loss Rs 2.1

TECHNO: BUY BIRLASOFT TECH TARGET Rs 320 Stop Loss Rs 300

FUNDA: BUY TATA MOTORS TARGET Rs 450 Stop Loss Rs 435

INVESTMENT: BUY HAPPIEST MINDS TARGET Rs 1200 DURATIONS 6 MONTHS

NEWS: BUY TMB TARGET Rs 530 Stop Loss Rs 500

MY CHOICE

BUY TATA STEEL TARGET Rs 111 Stop Loss Rs 106.5

BUY INTERGLOBE AVIATION TARGET Rs 1990 Stop Loss Rs 1920

BUY JAYSHREE TEA TARGET Rs 106 Stop Loss Rs 99.5

BEST PICK: BUY BIRLASOFT TECH TARGET Rs 320 Stop Loss Rs 300