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Stocks to buy today: Driven down by weak global cues, Stock market on Monday is likely to open on a negative note. At 8 AM, the SGX Nifty — a derivative of the Nifty50 index which trades on the Singapore Stock Exchange (SGX), was showing a weakness of over 140 points to trade below 17,200. Likewise, Dow Futures and Nasdaq Futures too were in the red.
Earlier on Friday, Indian stock market witnessed a heavy sell-off after the US Fed hiked the benchmark lending rates on expected lines, by 75 bps. While Sensex plunged over 1,000 points to end at 58,098.92, the Nifty50 index declined by over 300 points to settle at 17,327.35. Wall Street stocks too finished lower for the fourth straight session on Friday. All the 3 major indices — S&P 500, Dow Jones Industrial Average, and Nasdaq Composite, tumbled more the 1.5 per cent each.
Ashish Chaturvedi Stock Picks
CASH
BUY VRL LOGISTICS TARGET 700 SL 650
FUTURES
BUY SUN PHARMA TARGET 944 SL 910
OPTIONS
BUY SAIL 78 PE TARGET 1.85 SL 1.25
TECHNO
SELL VOLTAS FUT TARGET 887 SL 907
FUNDA
BUY RVNL TARGET BUY RVNL TARGET 42 DURATION 6 MONTHS
INVEST STOCK
BUY MARUTI TARGET 10700 DURATION 6-9 MONTHS
STOCK IN NEWS
BUY COAL INDIA TARGET 230 SL 218
MY CHOICE
BUY GODFREY PHILLIPS TARGET 1245 SL 1167
BUY EIH LTD TARGET 205 SL 195
SELL MUTHOOT FIN FUT TARGET 951 SL 972
MY BEST
BUY GODFREY PHILLIPS TARGET 1245 SL 1167
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Varun Dubey Stock Picks
CASH
Buy GRAUER & WEIL Target Rs 74 SL RS 69
FUTURES
Sell BANK OF BARODA FUT Target Rs 128 SL RS 135
OPTIONS
Buy TATA MOTORS 420 PE Target Rs 8 SL RS 5
TECHNO
Sell BANDHAN BANK FUT Target Rs 270 SL RS 280
Funda
Buy GUJARAT FLUORO Target Rs 4000 Duration 2 Months
INVESTMENT
Buy CASTROL INDIA Target Rs 135 DURATION 3 MONTHS
NEWS
Buy ASIAN PAINTS Target Rs 3460 SL RS 3360
MY CHOICE
Sell NALCO FUT Target Rs 71 SL RS 74
Sell MANAPPURAM FUT Target Rs 92 SL RS 96
Buy DELHIVERY Target Rs 600 SL Rs 580
MY BEST PICK
Buy CASTROL INDIA Target Rs 135 DURATION 3 MONTHS
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