Fundamental and Technical Stock Picks: How to trade PNB, Bharti Hexacom, Dixon Tech, Divi's, other buzzing shares

With the earnings season now behind, stock-specific action and global cues are gaining investor attention on Dalal Street. Domestic equity benchmarks have staged rangebound moves so far this month thanks to wild swings in IT stocks, persistent FII outflows and mixed global signals. The Nifty 50 has broadly gyrated within the 23,050-23,750 band while the Sensex has seesawed between 73,300 and 75,400.

In May, the 50-blue-chip index lost 449.8 points -- or 1.9 per cent -- while the Sensex lost 2,137.8 points -- or 2.8 per cent. Some experts believe it will take the market multiple positive triggers to escape the current rangebound trend.

Zee Business analysts Ansh Jogendra Bhilwar and Pooja Tripathi have studied more than a dozen stocks and prepared a list of picks across cash, derivatives, short-term (day trading and positional) and long-term (investment) themes. On their radar are stocks like Manappuram Finance, IIFL, Colgate-Palmolive and GMDC.

Let's look at these intraday recommendations in detail:

Stocks to trade in cash

Bhilwar suggests buying Concord Bio shares in the spot market for a target price of Rs 1,378 with a stop loss at Rs 1,234.

Tripathi has a 'buy' call on Aadhar Housing Finance shares in the cash segment for a target of Rs 476 with a stop loss at Rs 462.

Stocks to trade in futures

Bhilwar suggests buying Punjab National Bank (PNB) futures for a target price of Rs 117 with a stop loss at Rs 107.

Tripathi recommends buying Dixon Tech futures for a target of Rs 11,860 with a stop loss at Rs 11,496.

Options trading stock picks

Bhilwar suggests buying the 1270 call option in JSW Steel for a target of Rs 40 with a stop loss at Rs 23.

Tripathi recommends buying the 4550 put option in IndiGo at Rs 100 for a target of Rs 190 with a stop loss at Rs 40.

Technical stock picks

Bhilwar has a 'buy' call on Bharti Hexacom shares for a target of Rs 1,563 with a stop loss at Rs 1,430.

Tripathi suggests buying Divi's Labs shares for a target of Rs 6,888 with a stop loss at Rs 6,686.

Fundamental stock picks

Bhilwar suggests buying Colgate-Palmolive shares for a target price of Rs 2,165 with a stop loss at Rs 1,953.

Tripathi suggests buying the Max Financial stock for a six-month target of Rs 1,700.

Investment picks

Bhilwar suggests buying GMDC shares for a target of Rs 705 with a stop loss at Rs 592.

Tripathi recommends buying Meesho shares for a one-year target of Rs 180.

Stocks making headlines

Bhilwar has a 'buy' call on Afcon Infra shares for a target of Rs 327 with a stop loss at Rs 311.

Tripathi suggests buying Glenmark Pharma shares for a target of Rs 2,253 with a stop loss at Rs 2,187.

Special stock picks

Ansh Jogendra Bhilwar:

• Buy IIFL shares for a target of Rs 522 with a stop loss at Rs 499

• Buy IDFC First Bank shares for a target of Rs 80 with a stop loss at Rs 70

• Buy Manappuram Finance shares for a target of Rs 323 with a stop loss at Rs 300

Pooja Tripathi:

• Buy FACT shares for a target of Rs 893 with a stop loss at Rs 867

• Buy National Fertilizers shares for a target of Rs 76 with a stop loss at Rs 72

• Buy IDBI Bank shares for a target of Rs 78 with a stop loss at Rs 73