InvestorQ : Can you give me some interesting trading tips for the stock markets on 30 September? I am looking for stocks from 2-3 months time?
Arusha Ray made post

Can you give me some interesting trading tips for the stock markets on 30 September? I am looking for stocks from 2-3 months time?

Answer
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diksha shah answered.
4 weeks ago


On 29 September, the metal stocks and IT stocks held the markets up. The pressure came predominantly from banking stocks and oil. The immediate concern remains the FPI flows as we have now seen outflows to the tune of Rs.12,000 crore in the last 7 days of trading.

· You can buy Tata Steel at Rs.368 for targets of Rs.410 in 2 months time frame. Metals are enjoying positive sentiments and there have been a slew of upgrades.

· Buy Ambuja Cements at Rs.216 for targets of Rs.245 in one month time. The cement demand is expected to pick up in October once monsoon subsides and there are signals.

· I reiterate my buy call on Tata Motors at Rs.133 for targets of Rs.165. The big debt reduction plan and monetization of digital properties will be a boost.

This is a busy week and Friday is a holiday. You can expect some heavy action on Wednesday and Thursday due to data flows and IPO bunching.