Stocks to Buy Today: Nykaa, Wipro, SBI, HPCL Among Top 20 Stocks to Trade Profitably on August 8

Although the market closed with gains for the third consecutive week and ended slightly higher on Friday, signals from Asian markets remained negative on Monday morning. SGX Nifty, which hints at the opening trend of the Indian market, was trading down around 50 points in early trading on the Singapore exchange on Monday.

Similarly, Japan’s Nikkei 225 edged down 0.10%, the Hang Seng Index on the Hong Kong Stock Exchange fell almost 0.8% and China’s Shanghai Composite was seen trading flat on Monday morning. .

Earlier, the US market closed on a mixed note on Friday. The US benchmark Dow Jones index gained 76 points, while the Nasdaq fell 63 points and the S&P500 ended slightly down 6.75 points on Friday.

Santosh Meena, head of research at Swastika Investmart Ltd, said global indices, macro figures and the latest batch of earnings will dictate market direction in a holiday-truncated week.

This week the market will be dealing with the latest batch of first quarter results where the market will react to results from SBI, HPCL and BPCL on Monday, while Adani Ports, Bharti Airtel, Powergrid, Coal India, Eicher Motors, Hindalco, Grasim, Heromotocorp , LIC, ONGC, Bata India and Aurobindo pharma will be other big earners next week, he said.

“Global indices will be important as geopolitical concerns rise while national and global macro figures will play an important role. India will announce its CPI and IPI figures on August 12, while the figures for US inflation are scheduled for August 10,” Meena added.

Zee Business brings you a list of 20 stocks from the cash, tech and F&O space. These stocks were selected taking into account the short and long-term needs of investors. The list also includes intraday calls for good returns on a given day. Below is the list of actions.

Ashish Chaturvedi Stock Picks

CASH KA STOCK

BUY NYKAA TARGET 1460 SL 1397

FUTURE

SELL MCX TARGET 1250 SL 1285

OPTIONS

BUY WIPRO 440 CE TARGET 17 SL 8.30

TECHNICAL

BUY CENTURY ENKA TARGET 480 SL 430

FONDA

BUY IRB INFRA TARGET 270 SL 260

INVEST IN SHARES

BUY SUMITOMO CHEM TARGET 565 DURATION 12 MONTHS

STOCK IN THE NEWS

BUY LUMAX AUTO TARGET 240 SL 229

MY CHOICE

BUY VMART TARGET 3090 SL 2950

BUY TEGA TARGET 490 SL 470

BUY APEX FROZEN TARGET 330 SL 318

MY BEST

BUY CENTURY ENKA TARGET 480 SL 430

Varun Dubey Stock Picks

Cash

Buy West Coast Paper Target Rs 510 SL RS 482

Futures contracts

Sell ​​BPCL Target Rs 320 SL RS 338

Choice

Buy HPCL 250 PE target Rs 11 SL RS 7

Technology

Sell ​​Properties Godrej Target Rs 1340 SL RS 1400

Foundation

Buy SBI Target Rs 545 SL RS 522

Invest

Buy Bata India Target Rs 2200 Duration 4 Months

New

Buy SJVN Target Rs 30 SL RS 28.4

My choice

Buy Coal India Target Rs 213 SL RS 205

Buy Archidply Target Rs 76 SL Rs 71

Buy S Chand Target Rs 145 SL RS 137

Best choice

Sell ​​BPCL

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