Stocks to buy today: Royal Orchid Hotel, Wipro, Tata Chemicals and RBL Bank among list of 20 stocks for profitable trade on May 2

The Indian market closed with greater than half per cent cuts on Friday as benchmarks Nifty50 and Sensex declined 0.84% and 0.80% amid weak spot in vitality, auto, banking and media shares as all sectors ended within the crimson. The broader Nifty50 held on at 17, 100 degree, whereas the 20-share index dropped practically 500 factors. The headline indices closed with marginal cuts to finish within the crimson for the week ended April 29.  

In the meantime, within the Asian market, Japanese Nikkei 225 was buying and selling decrease by 0.9% within the early commerce as no buying and selling was seen in Chinese language Shanghai Composite and Grasp Seng Index on the Hong Kong Trade.  

SGX Nifty, which signifies opening development for the home fairness market, noticed Futures index dropping greater than 250 factors within the morning commerce on the Singaporean Trade on Monday, hinting additional weak spot for the Indian market.  

“On April 29, the Nifty confronted resistance close to the junction of the swing excessive on the every day chart & the 20 DMA i.e. close to 17400. Thereon, the Nifty nosedived in the direction of the top of the session & fashioned a bearish exterior bar in addition to an Engulfing bear candle on the every day chart,” mentioned Gaurav Ratnaparkhi, Head of Technical Analysis, Sharekhan by BNP Paribas. 

General construction means that the index can proceed to consolidate within the vary of 17000-17400 & as soon as the swing low of 16958 is breached then the index can tumble down in the direction of 16600, he added. 

In the meantime, forward of the market opening, Zee Enterprise analysis workforce brings you a listing of shares for worthwhile commerce. The shares have been picked, holding in thoughts the curiosity of retail buyers, who could make good returns from these shares within the short-term, positional and long-term foundation. Under is the checklist of shares recognized by our analysts on Monday, Might 2, 2022.  

Kushal Gupta Inventory Picks  
Money 
Royal Orchid Lodge – Purchase – 150 
Period – 1 month 
 
FTR 
Wipro – Promote – 492, sl – 516 
 
OPTN 
JSPL 540 [email protected] – Purchase – 48, sl – 15 
 
Techno 
Hero Moto – Promote – 2425, sl – 2535 
 
Funda 
Escorts – Purchase – 2000 
Period – 1 yr 
 
IPL 
Symphony – Purchase – 1350 
Period – 3 months 
 
Information 
NMDC – Promote – 155, sl – 163 
 
Mychoice 
Birlasoft – Promote – 404, sl – 422 
 
JSW Metal – Promote – 710, sl – 736 
 
SAIL – Promote – 94, sl – 98.5 
 
Finest Choose 
SAIL – Promote – 94, sl – 98.5 
 
 ~~~~~~~~~~~~~~~ 
Ashish Chaturvedi Inventory Picks 

 
CASH STOCK 
BUY VENKYS TARGET 2250 SL 2100 
 
FUTURES 
BUY TATA CHEM TARGET 965 SL 920 
 
OPTIONS 
BUY RBL BANK 120 PE TARGET 9 SL 4.85 
 
TECHNO 
SELL APOLLO HOSP TARGET 4340 SL 4550 
 
FUNDA 
BUY CDSL TARGET 1400 SL 1360 
 
IPL STOCK 
BUY EID PARRY TARGET 640 DURATION 12 MONTHS 
 
STOCK IN NEWS 
SELL DELTA CORP TARGET 260 SL 270 
 
MY CHOICE 
SELL GODREJ PROP TARGET 1550 SL 1595 
SELL SUNTV TARGET 476 SL 487 
SELL TECH MAH TARGET 1230 SL 1280 
 
MY BEST 
BUY RBL BANK 120 PE TARGET 9 SL 4.85 

Earlier, the US Market closed with huge drubbings on Friday as Dow Jones slipped greater than 900 factors, Nasdaq over 500 factors and S&P 500 declined greater than 150 factors.