InvestorQ : Are there any good trading tips for 18 June in the stock market? You can give me stocks for up to 3 months holding?
Dawn Cherian made post

Are there any good trading tips for 18 June in the stock market? You can give me stocks for up to 3 months holding?

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diksha shah answered.
4 months ago
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Thursday 18 June is the weekly options expiry and there could be heightened volatility in the market as traders will look to trim their positions in view of the fluid border situation. Global markets have also been tepid as has been the SGX Nifty. Here are some trading ideas.

· Buy UPL at Rs.419 for upside targets of Rs.470 in one quarter time frame. Agrochemical is a good idea due to limited COVID-19 impact and 4% growth in agri sector.

· Accumulate Biocon around Rs.392 for targets of Rs.445 in next one month. The thrust on bio-similar products and the recent approval of its insulin injection are positives.

· I reiterate my call to buy JSW Steel at Rs.189 for targets of Rs.220 in one quarter. Oil and gas companies could buy 50 million tonnes of locally produced steel in 5 years.

The major risk for the market at this point of time is the China situation and markets will hope it gets resolved diplomatically at the earliest.

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