Snapping three days losing streak, the Indian markets returned to settle in the green as the benchmarks saw sharp recovery in the last hour before closing of the trading session on Tuesday. Headline indices gained 0.31% and 0.33% respectively as metal, pharma and PSU Bank led the market's recovery. Auto, financial services, Nifty Bank and healthcare too ended in the green.  

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

"Bulls managed to hold the psychological 17000 level after a fight with the bears. On the daily chart, Nifty has formed a dragonfly Doji pattern suggesting buying at the lower levels. The recovery in the market may continue as long as the index holds above 17000. On the higher end, immediate resistance is visible at 17330. Sustained trades above 17330 may induce further rally in the market," Rupak De, Senior Technical Analyst at LKP Securities, had said in post market closing commentary. 

On Wednesday morning, all major Asian indices were trading positive. Japanese Nikkei 225 gained 0.75%, Hang Seng Index at the Hong Kong Exchange surged 1.72% and Shanghai Composite traded flat with positive bias around 7.50 am on Wednesday.  

See Zee Business Live TV Streaming Below:

In the US market, the indices turned green in Tuesday's closing. Dow Jones gained 1.06%, Nasdaq Composite surged 1.28%, S&P500 appreciated 0.84% and Russell 2000 closed 1.63% higher on Tuesday.  

Ahead of the market opening, Zee Business research team has shortlisted 20 stocks that could be good bets from a short-term, positional and long-term investment perspective. These stocks have been identified from cash, F&O and techno segments. Below is the list of stocks, take a look:  

Ashish Chaturvedi Stock Picks  

CASH STOCK 

BUY RUPA TARGET 540 SL 505 

FUTURES 

BUY NALCO TARGET 120 SL 115 

OPTIONS 

BUY CIPLA 950 CE TARGET 26 SL 17.75 

TECHNO 

BUY SUN PHARMA TARGET 917 SL 887 

FUNDA 

BUY DATA PATTERNS 723 SL 696 

INVESTMENT PICK 

BUY INGERSOL RAND TARGET 1800, DURATION 12 MONTHS 

STOCK IN NEWS 

BUY BPCL TARGET 390 SL 371 

MY CHOICE 

BUY SHILPA MEDICARE 512 SL 480 

BUY CINELINE TARGET 126 SL 116 

BUY JSW ENERGY 321 SL 304 

MY BEST 

BUY NALCO TARGET 120 SL 115 

=================================== 

Kushal Gupta Stock Picks

Cash 

JK Paper - Buy - 241, sl - 231 

Futures 

IRCTC - Buy - 865, sl - 829 

Options 

Rain Ind 225 CE@ 10.65 - Buy - 15, sl - 8 

Tehcno 

Gujarat Gas - Sell - 645, sl - 672 

Funda 

Godrej Properties - Buy - 1850, Duration - 1 year 

Investment 

Exide Buy 225, Duration 6 Months 

Stock in News 

Jagran Prakashan Buy 71, sl 68 

MY CHOICE 

IDFC Buy 66, SL 62.5 

Redington Buy 165, SL 157 

BSE Buy 2150, SL 2050 

MY BEST 

JK Paper Buy 241, Sl 231