Stocks to buy today: MSTC, Tata Steel, Metropolis and Ashok Leyland among list of 20 stocks for profitable trade on July 22

After the market ended with gains for the fifth consecutive session on Thursday, the cues from the Asian market remained fat to positive on Friday morning

The cues were largely positive despite Europe Central Bank hiked interest rate by half per cent for the first time in 11 years. Source: PTI

After the market ended with gains for the fifth consecutive session on Thursday, the cues from the Asian market remained fat to positive on Friday morning. The cues were largely positive despite Europe Central Bank hiked interest rate by half per cent for the first time in 11 years.

SGX Nifty, which indicate opening trends of the Indian market, was trading flat with marginal gain of 15 points on the Singaporean Exchange on early Friday.

Likewise, Japanese Nikkei 225 gained 0.25%, Hang Seng Index at the Hong Kong Exchange rose by 0.55% and Chinese Shanghai Composite was seen trading higher by almost half per cent on Friday morning.

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Earlier, the US market extended its winning streak to the third day as Dow Jones closed with over half per cent gains, Nasdaq surged by 1.4% and S&P 500 ended higher by almost one per cent on Thursday.

"With support from FII buying, the domestic market was able to withstand the downward pressure from global markets to close on a positive note. Global indices traded lower on rate hike worries as ECB in its meeting today, is expected to raise rates by 50bps," Vinod Nair, Head of Research at Geojit Financial Services said on Thursday.

Even though a rate hike of this magnitude has already been factored in, the major market driver would be their commentary on future inflation and growth forecasts, the expert had said.

Meanwhile, Zee Business brings you a list of 20 stocks from cash, techno and F&O sections to help you make profit on your trading. The list includes stocks that are picked keeping short-to-long term investment needs and comprise intraday calls too. Below is the list of such stocks on Friday.

Ashish Chaturvedi Stock Picks

CASH STOCK

BUY MSTC TARGET 260 SL 247

FUTURES

BUY METROPOLIS TARGET 1575 SL 1500

OPTIONS

BUY SHRIRAM TRANSPORT FIN 1460 CE TARGET 34 SL 21

TECHNO

BUY PAGE IND TARGET 46663 SL 45000

FUNDA

BUY SRF TARGET 2460 SL 2300

INVEST STOCK

BUY COLGATE TARGET 1900 DUARTION 12 MONTHS

STOCK IN NEWS

BUY GSFC TARGET 147 SL 140

MY CHOICE

BUY SIYARAM SILK MILLS TARGET 570 SL 548

BUY ENGINEERS INDIA 71 SL 64.75

BUY RAJRATAN GLOBAL 900 SL 825

MY BEST

BUY SIYARAM SILK MILLS TARGET 570 SL 548

Kushal Gupta Stock Picks

CASH

GABRIEL INDIA - Buy - 142, sl - 132

FUTURES

TATA STEEL FUT - Buy - 962, sl - 923

OPTION

PERSISTENT SYSTEMS 3550 CE@105 - Buy - 125, SL - 95

TECHNO

VALIANT ORGANICS - Buy - 715, sl - 687

FUNDA

ASHOK LEYLAND - Buy - 180, DURATION - 1 year

INVESTMET

PVR BUY 2300, DURATION 12 MONTHS

STOCK IN NEWS

ONGC FUT SELL 129, SL 135

MY CHOICE

JSPL BUY 371, SL 357

BIOCON FUT SELL 321, SL 335

L&T BUY 1810, SL 1740

MY BEST

PERSISTENT SYSTEMS 3550 CE@105 - Buy - 125, SL - 95

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