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Stocks to buy today: Oil India, Infosys, CDSL and Canara Bank among the list of 20 stocks to trade profitably on September 6

Breaking two-day weakness, Indian markets ended strong on Monday. Nifty50 benchmarks closed above 17,650 and Sensex added over 400 points.

Concerns about the global economy, which is struggling with high inflation and a recession, have been fueled by mixed employment data in the United States and a deterioration in the energy situation in Europe, said Vinod Nair, head of research at Geojit Financial Services, in his market closing commentary.

He said strong U.S. jobs would give the Fed the confidence to raise interest rates an additional 50 to 75 basis points in upcoming policy meetings.

“In anticipation of a drop in production, oil prices rose ahead of the OPEC+ summit. Meanwhile, none of this had any impact on the domestic market, which continues to show an optimistic outlook, bolstered by strengthening local economic statistics and rising business demand,” he said.

On Tuesday, early trends in the SGX Nifty and Asian markets remained positive. SGX Nifty rose 20 points on the Singapore stock exchange in early trading on Tuesday. The Japanese Nikkei 225 was trading up 0.20%, the Hang Seng Index on the Hong Kong Stock Exchange edged up 0.10%, while China’s Shanghai Composite gained almost 0.5% in session begins on Tuesday.

U.S. markets will resume normal business on Tuesday after remaining closed on Monday due to Labor Day. US markets closed in the red on Friday.

Meanwhile, 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.

Vaun Dubey Stock Picks

Cash
Buy OIL INDIA Target Rs 200 SL Rs 190

Futures contracts
Buy APOLLO TIRES FUT Target Rs 265 SL RS 250

Choice
Buy INFOSYS 1460 PE Target Rs 50 SL RS 30

Technology
Buy SHEELA FOAM Target Rs 3350 SL RS 3200

Foundation
Buy BALRAMPUR CHINI Target Rs 400 Duration 1 Month

Invest
Buy PRATAAP SNACKS Target Rs 950 Duration 4 Months

New
Buy NARAYANA HRUDAYALAYA Target Rs 735 SL RS 695

My choice
Buy AXLES GNA Target Rs 775 SL RS 735
Buy SOLAR IND Target Rs 3600 SL Rs 3450
Buy GRM OVERSEAS Target Rs 410 SL RS 390

Best choice
Buy PRATAAP SNACKS Target Rs 950 Duration 4 Months

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Ashish Chaturvedi Stock Picks

CASH
BUY CDSL 1360 SL 1280

FUTURE
BUY CANARA BANK TARGET 252 SL 242

OPTIONS
BUY INDUSIND BANK 1110 CE TARGET 46 SL 34

TECHNICAL
BUY BRIGADE ENT TARGET 555 SL 527

FONDA
BUY TARGET MIDHANI 256 DURATION 6-9 MONTHS

INVEST IN SHARES
BUY TTK PRESTIGE TARGET 1260 DURATION 9-12 MONTHS

STOCK IN THE NEWS
BUY TARGET DELIVERY 580 SL 560

MY CHOICE
BUY MUNJAL AUTO TARGET 57 SL 53.55
BUY FDC TARGET 290 SL 277
BUY RICO AUTO TARGET 58.50 SL 54.65

MY BEST
BUY BRIGADE ENT TARGET 555 SL 527