Fundamental and Technical Picks: How to trade Vodafone Idea, ONGC, IndiGo, Delhivery, other buzzing stocks

Dalal Street benchmarks Nifty 50 and Sensex continue to trade rangebound with mixed earnings signals and caution across global markets owing to the persistent West Asia crisis. In May so far, the Sensex has circled in a 4,250-point range around the flatline, falling to as low as 74,134 and rising to as high as 78,385. For the Nifty 50, the seesaw trade has been spread in a more than 1,200-point zone of 23,263-24,482 during this period.

Analysts say that with the earnings season set to be in focus for a few more days, stock-specific action continues to take centre stage on Dalal Street. Zee Business's Ansh Jogendra Bhilwar and Pooja Tripathi have identified a fresh set of stock picks spanning cash, futures, options, technical and fundamental themes.

Their recommendations include stocks such as Neogen Chem, ITC Hotels and Somany Ceramics.

Here's a summary of their latest trading calls:

Stocks to trade in cash

Bhilwar suggests buying Gland Pharma shares in the spot market for a target price of Rs 1,948 with a stop loss at Rs 1,830.

Tripathi recommends buying Neogen Chem shares for a target of Rs 1,700 with a stop loss at Rs 1,648.

Stocks to trade in futures

Bhilwar suggests buying Amber Enterprises futures for a target price of Rs 8,840 with a stop loss at Rs 8,342.

Tripathi recommends buying Delhivery futures for a target of Rs 490 with a stop loss at Rs 470.

Options trading stock picks

Bhilwar suggests buying the 220 call option in Tata Steel for a target of Rs 7 with a stop loss at Re 1.

Tripathi recommends buying the 4300 call option in IndiGo at Rs 103.5 for a target of Rs 185 with a stop loss at Rs 50.

Technical picks

Bhilwar has a 'buy' call on Tata Elxsi shares for a target of Rs 4,500 with a stop loss at Rs 3,945.

Tripathi suggests buying ONGC shares for a target price of Rs 305 with a stop loss at Rs 296.

Fundamental stock picks

Bhilwar suggests buying JSW Steel shares for a target of Rs 1,400 with a stop loss at Rs 1,225.

Tripathi recommends buying Vodafone Idea shares for a target of Rs 13.7 with a stop loss at Rs 12.5.

Stock investment picks

Bhilwar suggests buying Godfrey Philips shares for a target of Rs 2,750 with a stop loss at Rs 2,280.

Tripathi recommends buying UNO Minda shares for a one-year target of Rs 1,200.

Stocks in news

Bhilwar has a 'buy' call on Hindustan Copper shares for a target of Rs 600 with a stop loss at Rs 556.

Tripathi suggests buying GE Shipping shares for a target of Rs 1,519 with a stop loss at Rs 1,474.5.

Special stock picks

Ansh Jogendra Bhilwar:

• Buy Somany Ceramics shares for a target of Rs 475 with a stop loss at Rs 432

• Buy ITC Hotels shares for a target of Rs 162 with a stop loss at Rs 152

• Buy Godrej Industries shares for a target of Rs 1,215 with a stop loss at Rs 1,093

Pooja Tripathi:

• Buy Arvind shares for a target of Rs 461 with a stop loss at Rs 446

• Buy EPACK Prefab shares for a target of Rs 205 with a stop loss at Rs 198

• Buy Latent View shares for a target of Rs 317 with a stop loss at Rs 300