InvestorQ : Can you give me some solid trading tips to trade on 26 August? The call on Adani Enterprises was a cracker with target reached in 1 day?
rhea Babu made post

Can you give me some solid trading tips to trade on 26 August? The call on Adani Enterprises was a cracker with target reached in 1 day?

Answer
user profile image
diksha shah answered.
2 months ago


Nifty closed almost flat on Tuesday but the RBI warning on growth could be an overhang on the markets. The good news is that FPIs continue to be buyers and have infused over Rs.45,000 crore in August so far. Here are our top trading ideas.

· Tata Motors looks a good short buy at Rs.127 for targets of Rs.150 in one month as it stands to gain sentimentally from its aggressive debt reduction plans.

· Accumulate BEL at Rs.112 for targets of Rs.125 in next 2 weeks as the government is likely to make concrete announcements on defence in-sourcing.

· Yes Adani moved beyond expectations to reach the target in a single day. However, it is in a new orbit and traders can use dips to continue to buy for targets of Rs.350.

At a macro level, there could be some negative reaction to the RBI growth outlook for the second quarter. Nifty traders must be a tad cautious.