InvestorQ : Can you give me some good trading tips for stock market trading on 23 June which are not more than 3 months holding?
Riya Dwivedi made post

Can you give me some good trading tips for stock market trading on 23 June which are not more than 3 months holding?

Answer
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diksha shah answered.
3 months ago


Reliance continues to be the star of the market even as pharma companies have been celebrating COVID-19 solutions. Here are some trading ideas.

· The launch of COVID-19 tablets is positive for stocks like Glenmark, Cipla, Cadila and Jubilant Life as it clears their track record with FDA and enjoys zero restriction sales.

· Buy BPCL at Rs.384 for targets of Rs.450 in one quarter. BPCL will benefit the most from the 15 days spike in prices of petrol and diesel and inventory gains next quarter.

· Buy DLF at Rs.160 for targets of Rs.220 in 2 months. DLF has shown best execution skills and the plans to move to zero-debt status by next year will be another boost.

The Nifty and Sensex have rallied for over 4 days in the mist o tepid global markets and there could be some caution at around the 10,400-10,500 range.