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Even as Indian market ended higher on Thursday with benchmarks Nifty50 and Sensex gaining more than half per cent each, the cues from Asian and US markets were negative on Monday.
SGX Nifty Futures, which indicate Indian market opening trend, declined in the morning and was trading lower by more than 230 points.
Besides, Japanese Nikkei 225, Hang Seng Index at the Hong Kong Exchange and Chinese Shanghai Composite were also sitting in the red in early trade. Nikkei 225 dropped nearly 1.5 per cent, Hang Seng Index declined more than one per cent Shanghai Composite traded lower by 0.1%.
Earlier, the US market too slipped in the red ahead of the FOMC meeting. US equity benchmarks Dow Jones closed with a cut of 638 points, Nasdaq ended lower by 332 points and S&P 500 ended lower by 500 points on Thursday.
Meanwhile, Zee Business research team brings you a list of 20 stocks that can be bought for profitable trade. The list is prepared by the team on a daily basis and comprises intraday stocks, F&O calls and stocks to buy on a short to long-term basis. Based on news development and share movements, these stocks are picked from cash, F&O and techno space to help investors make money on their capital. Hindustan Oil Exploration, Tata Steel, Welspun and Wipro are among top 20 stocks to watch today.
Zee Business Stocks on June 10
Kushal Gupta Stock Picks
Cash
Hindustan Oil Exploration – Buy – 220, sl – 210
FTR
Hindalco FUT – sell – 390, sl – 406
OPTN
Tata Steel 1040 PE@68 – buy – 87, sl – 60
Techno
SBI FUT -sell – 455, sl – 472
Funda
Tata Motors FUT- sell – 418, sl – 436
Invest
M&M – buy – 1300duration – 1 year
News
Dr Reddy – Buy – 4440, sl – 4285
mychoice
JSW Steel FUT – sell – 560, sl – 580
JSPL FUT- sell – 360, sl – 375
IB Housing Fin FUT – sell – 114, sl – 120
Best pick
Tata Motors FUT- sell – 418, sl – 436
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Varun Dubey stock Picks
Cash
Buy Welspun Ent Target Rs 104 SL RS 98
Futures
Sell Apollo Tyres FUTTarget Rs 199 SL RS 207
Options
Buy Wipro 470 PE Target Rs 15 SL RS 10
Tech
Sell SAIL FUT Target Rs 72 SL RS 76
Funda
Buy IIFL Finance Target Rs 340 SL RS 322
Investment Pick
Buy Gillette Target Rs 5500 Duration 4 Months
News
Buy Bajaj Auto Target Rs 4000 SL RS 3800
My Choice
Sell Piramal Ent FUT Target Rs 1690 SL RS 1760
Sell LIC Housing Finance FUT Target Rs 330 SL RS 346
Sell Shriram Transport FUT Target Rs 1130 SL RS 1180
Best Pick
Buy Bajaj Auto Target Rs 4000 SL RS 3800
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