Fundamental and Technical Stock Picks: How to trade Waaree Energies, OIL India, VA Tech Wabag, HAL, RailTel, HPCL, over a dozen other scrips

Fundamental and Technical Stock Picks: Caution persists across sectors on Dalal Street, with a muted start to a new trading week in Monday's trade. Investors continue to fret over news updates coming from the Middle East, where a raging conflict between the US and Israel on one side and Iran on the other has entered its third week.

The Indian government has assured of no shortages in domestic fuel supplies, as investors weigh the potential impact of supplies from the Strait of Hormuz on the Indian economy. It has said that higher domestic production and import diversification -- reducing dependence on supplies from the Strait of Hormuz, which accounts for the supplies of about one-fifth of the global oil and gas -- has helped in avoiding any short-supplies in the country, urging people not to panic-book LPG refills believing rumours and misinformation about a supply crunch.

It's been a fortnight of wild swings for the headline indices. The Sensex has seesawed in a broad range of 6,216.8 points -- between 74,416 and 80,633 -- so far this month. The 50-blue-chip-benchmark -- Nifty50 -- has gyrated in a range of nearly 1900 points -- between 23,111 and 24,989 -- during this period.

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Sharp spikes in fear gauge India VIX continue to sound the alarm as the bulls attempt to rescue the headline gauges from lower levels. With heightened geopolitical tensions meeting no sign of abating as yet, market participants will have to wait and watch as the bulls and the bears on Dalal Street approach the end of yet another eventful week.

Zee Business analysts Ansh Jogendra Bhilwar and Pooja Tripathi have studied more than a dozen stocks and prepared a list of picks across cash, derivative, short-term (day trading and positional) and long-term (investment) themes. On their radar are stocks like Waaree Energies, OIL India, VA Tech Wabag, HAL, RailTel and HPCL.

Stocks to trade in cash | Bajel Projects, UBL

Bhilwar suggests buying UBL shares in the spot market for a target price of Rs 1,778 with a stop loss at Rs 1,582.

Tripathi suggests buying Bajel Projects shares for a target price of Rs 145 with a stop loss at Rs 137.

Stocks to trade in futures | Hindalco, GMR Airports

Bhilwar suggests buying GMR Airports futures for a target of Rs 93 with a stop loss at Rs 87.5.

Tripathi suggests buying Hindalco futures for a target of Rs 928 with a stop loss at Rs 900.

Options trading stock picks | Asian Paints, BPCL

Bhilwar recommends buying the 2,200 put option in Asian Paints for a target price of Rs 100 with a stop loss at Rs 40.

Tripathi suggests traders pick the 320 put option in BPCL at Rs 10.9 for a target price of Rs 20 with a stop loss at Rs 5.

Technical picks | Asian Paints, Muthoot Finance

Bhilwar suggests buying Muthoot Finance shares for a target price of Rs 3,730 with a stop loss at Rs 3,133.

Tripathi suggests buying Asian Paints shares for a target of Rs 150 with a stop loss at Rs 145.

Fundamental stock picks | Waaree Energies, HAL

Bhilwar recommends buying Waaree Energies shares for a target of Rs 2,955 with a stop loss at Rs 2,620.

Tripathi suggests buying HAL shares for a six-month target of Rs 4,150.

Stock investment picks | OIL India, Bharti Airtel

Bhilwar suggests buying OIL India shares for a target price of Rs 523 with a stop loss at Rs 447.

Tripathi recommends buying Tata Power shares for a 6-12-month target of Rs 430.

Stocks making headlines | WA Tech Wabag, RailTel

Bhilwar recommends buying Tech Wabag shares for a target of Rs 1,275 with a stop loss at Rs 1,205.

Tripathi suggests buying the RailTel stock for a target of Rs 285 with a stop loss at Rs 275.

Special stock picks

Ansh Jogendra Bhilwar:

• Buy the IndiGo counter for a target of Rs 4,055 with a stop loss at Rs 4,206
• Buy ONGC shares for a target of Rs 272 with a stop loss at Rs 260
• Buy Tata Consumer Products shares for a target of Rs 1,150 with a stop loss at Rs 1,051

Pooja Tripathi:

• Sell HPCL shares for a target of Rs 360 with a stop loss at Rs 372
• Buy Data Patterns shares for a target of Rs 3,280 with a stop loss at Rs 3,183
• Buy Brainbees shares for a target price of Rs 230 with a stop loss at Rs 220