How to trade Waaree Energies, Zomato, TCS, Bharti Airtel, other buzzing shares now?
Domestic equity benchmarks Nifty 50 and Sensex made a negative start to Thursday's session on Dalal Street amid weakness across most sectors. Zee Business analysts Kushal Gupta and Pooja Tripathi have shared their trading calls for the day in this segment of Traders' Diary. Read on to learn about their recommendations and target prices on the stocks.
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Share Market News: Domestic equity benchmarks began Thursday's session on a negative note amid weakness across most sectors, after minutes of the Fed's January review revealed that American policymakers wanted to see inflation coming down more before reducing benchmark interest rates further. Both headline indices fell half a per cent in early trade as selling pressure emerged in financial, FMCG and auto shares though buying in spaces like energy, IT and metal kept the downside in check. Muted earnings and global trade war-related concerns continued to keep investors on the backfoot, say analysts.
Here are a few stocks on Zee Business analysts Kushal Gupta and Pooja Tripathi's watchlists:
Shares to Trade in Cash Segment
Pooja Tripathi suggests buying Signature Global shares in the spot market for a target price of Rs 1,126 with a stop loss at Rs 1,092. In the same segment, Kushal Gupta suggests buying India Glycols shares for a target of Rs 1,185 with a stop loss at Rs 1,140.
Stocks to Buy/Sell in Futures Segment
Gupta suggests buying JSW Steel futures for a target price of Rs 1,010 with a stop loss at Rs 960. Tripathi suggests selling Infosys futures for a target of Rs 1,173 with a stop loss at Rs 1,828.
Options Trading Tips
Gupta suggests buying the Rs 3,750 TCS put option at Rs 33.5 for a target price of Rs 55 with a stop loss at Rs 25. Tripathi suggests buying the Rs 1,340 USL call option at Rs 17.5 for a target of Rs 25 with a stop loss at Rs 16.
Technical Stock Picks
Tripathi has a 'buy' recommendation on Jubilant FoodWorks shares with a target price of Rs 723 and a stop loss at Rs 701. Gupta suggests buying Axis Bank futures for a target price of Rs 1,040 with a stop loss at Rs 990.
Fundamental Stock Picks Today
Gupta suggests going long on Bharti Airtel shares for a one-year target price of Rs 2,000. Tripathi suggests buying Zomato shares for a target of Rs 245 with a stop loss at Rs 231.
Share Market Investment Idea Today
Tripathi suggests buying Kotak Mahindra Bank shares for a target of Rs 2,100 with a perspective of 8-12 months. Gupta suggests buying Indian Hotels shares for a one-year target of Rs 880.
Stocks in News Today
Tripathi suggests buying Waaree Energies shares for a target of Rs 2,264 with a stop loss at Rs 2,197. Gupta suggests buying the Maharashtra Seamless stock for a target of Rs 625 with a stop loss at Rs 598.
'MY CHOICE' PICKS
Pooja Tripathi
- Buy Kalpataru Projects shares for a target of Rs 959 with a stop loss at Rs 931
- Buy PVR shares for a target of Rs 1,009 with a stop loss at Rs 980
- Buy Hindalco shares for a target of Rs 638 with a stop loss at Rs 619
Kushal Gupta
- Buy AU Small Finance Bank futures for a target price of Rs 540 with a stop loss at Rs 520
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