The Indian markets closed with one per cent cut for the second consecutive day amid weak global cues and FIIs selling pressure as bears took control of Dalal Street on Wednesday. The broader Nifty50 gave up 18,000-level as the index declined 174.65 or 0.96% to settle at 17,938.40. The S&P BSE Sensex slipped by 656.04 points or 1.08% to end at 60,098.82.  

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"On the technical front, the index has confirmed the bearish engulfing pattern which suggests some correction can be seen in an upcoming session. However, the index has taken support from 23.6% RL of its previous rally which suggests breaching below the same can show downside movement," said Palak Kothari, Research Associate, Choice Broking.  

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She said currently the Index has support at 17800 levels, while resistance comes at 18180 levels. "Bank Nifty has support at 37800 levels, while resistance at 38600 levels," she added.  

Meanwhile, Asian markets were seen trading in the green on Thursday morning. Japanese Nikkei 225 was marginally up by 0.10%, Hang Seng Index at the Hong Kong Exchange was trading higher by 1.41% and Chinese Shanghai Composite was also trading higher by 0.22%.  

Earlier, the US markets closed in the red for yet another session on Wednesday. Dow Jones declined 0.96%, Nasdaq Composite slipped 1.15%, S&P 500 traded lower by 0.7% and Russell 2000 declined 1.60%.  

Ahead of the market open, Zee Business research team has shortlisted stocks from cash, F&O and techno segments to help investors maximise their profit from the equity market. Below is the list of stocks:  

Kushal Gupta Stock Picks 

Cash 

CCL Products - Buy - 520, Duration - 3 months 

FTR 

Tata Consumer - 737, sl - 710 

OPTN 

LTI 6700 CE@ 245 - Buy - 345, sl - 210 

Techno 

SBI - Buy - 530, sl - 509 

Funda 

Zensar Tech - Buy - 650, Duration - 1 year 

Invest 

Tata Motors - Buy - 670, Duration - 1 year 

News 

NELCO - Buy - 860, sl - 825 

Mychoice 

Balkrishna Industries - Buy - 2580, sl - 2480 

Firstsource Solutions - Buy - 176, sl - 167 

TVS Motor Buy 660, SL 633 

Best Pick 

Zensar Tech - Buy - 650, Duration - 1 year 

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Varun Dubey Stock Picks 

Cash 

Buy Pricol Target Rs 132 SL RS 124 

Futures 

Buy bajaj Auto Target Rs 3510 SL RS 3420 

Options 

Buy Oracle finance 4000 PE Target Rs 125 SL RS 90 

Tech 

Buy bank of baroda Target Rs 99 SL RS 94 

Funda 

Buy P&G Health and Hygiene Target Rs 16300 SL RS 15900 

Invest 

Buy HIL Target Rs 6000 Duration 6 months 

News 

Buy Syngene Target Rs 620 SL RS 580 

My Choice 

Buy Som Distilleries Target Rs 48 SL RS 44.5 

Buy Associated alcohol Target Rs 540 SL RS 510 

Sell ICICI Lombard Futures Target Rs 1380 SL RS 1440 

Best Pick 

HIL Buy HIL Target Rs 6000 Duration 6 months