InvestorQ : Can you give me some good trading tips for Monday 06 July 2020?
Priyanka N made post

Can you give me some good trading tips for Monday 06 July 2020?

Answer
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NISHA Nayak answered.
3 months ago


Front line stocks led by TCS and Reliance led the rally last week as FIIs turned net buyers from being net sellers. Corona virus cases continue to rise. Here are our trading tips.

· Traders can buy NTPC at Rs.95 for targets of Rs.120. NTPC has put up a good show in a tough year and is likely to benefit from steady coal supply and buy out of capacity.

· I reiterate my call to add Motherson Sumi at Rs.95 for targets of Rs.140. The massive restructuring is likely to be value accretive for the group.

· Trades can now buy HDFC Life at Rs.572 for targets of Rs.630 as insurance companies see surge of ETF buying interest as they are likely to be included in the Nifty.

Markets will not have any macro cues on Monday but the trade is largely likely to be stock specific.